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Transformers and Rectifiers’ production at Changodar plant gets disrupted

30 Sep 2013 Evaluate

Transformers and Rectifiers' production at Changodar plant is currently disrupted and is expected to recommence in next one or two days only. This was due to heavy rains on September 25, 2013 pursuant to which there was a heavy water logging in Changodar plant. The company has immediately started the process of water evacuation and this process is expected to be completed within next one or two days. However, the company is yet to ascertain the exact quantum of loss owing to this flooding incident.

Besides, a minor fire erupted on September 27, 2013 in a small section of the Changodar plant and the said fire was put off immediately thereafter within a period of 4 or 5 hours. However, the company is in the process of ascertaining the loss due to this fire.

Due to the combined impact of the above two incidents the production at Changodar plant is currently disrupted. The company does not expect any major loss due to the above incidents. Further, the plant is fully insured against the above calamities. The company noted that there is no injury reported to any person due to the above incidents.

Transformers and Rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar hydel project, state electricity boards and major international clients.

Transformers & Rect Share Price

322.00 -0.20 (-0.06%)
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