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Fire breaks out at ITI’s Rae Bareli plant in Uttar Pradesh

28 Nov 2020 Evaluate

A fire incident occurred at ITI’s Rae Bareli plant in Uttar Pradesh on November 27, 2020. It took around three hours to extinguished the fire successfully. The probable cause of fire was short circuit. It has affected the production of HDPE shop, partially. As per preliminary assessment, the approximate loss/ damage of capital equipment /infra is of the value of approximately Rs 1.5 crore. The Company has insurance coverage for this and will take necessary action for lodging insurance claim.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

Peers
Company Name CMP
Black Box 856.40
ITI 237.40
Tejas Networks 451.10
Quadrant Televenture 0.81
Valiant Communicatns 1706.75
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