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JAINREC — Jain Resource Recycling News Story

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India's Jain Resource Recycling slips after explosion at plant

BUZZ-India's Jain Resource Recycling slips after explosion at plant

** Shares of India's Jain Resource Recycling JAIE.NS fall 2.1% to 323.25 rupees, their lowest since June 12

** Stock set for eighth straight session of decline

** Non-ferrous metal recycler says one worker died and several others were injured after a furnace explosion at its plant in India's Tamil Nadu on July 14

** Adds operations in affected section have been temporarily suspended as precautionary measure

** Co's customers include Vedanta's Sterlite Copper, Luminous Power Technologies, Mitsubishi Corporation RtM Japan and Nissan Trading Co

** Stock down 22.2% YTD


(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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