Brief: Nava Says Business Interruption In Odisha Works Of Co Due To Accidental Damage In Raw Material Handling System

Nava

16/08/2023 12:09

Aug 16 (Reuters) - Nava Limited  NAAL.NS :
    * BUSINESS INTERRUPTION IN ODISHA WORKS OF CO DUE TO
ACCIDENTAL
DAMAGE IN RAW MATERIAL HANDLING SYSTEM
    * THERE WERE NO HUMAN INJURIES OR CASUALTIES DUE TO THIS
ACCIDENT
    * CO HAS INSURANCE COVERAGE IN PLACE FOR MATERIAL DAMAGE AND
BUSINESS INTERRUPTION
    * DUE TO FAILURE OF RAW MATERIAL FEEDING INFRASTRUCTURE,
PRODUCTION OF SILICO MANGANESE IN ODISHA WORKS TEMPORARILY
CEASED
    * FULL RESUMPTION OF PRODUCTION AND CAPTIVE CONSUMPTION OF
POWER
AT ODISHA WORKS WILL REQUIRE ABOUT 2 MONTHS

Source text for Eikon:  ID:nBSE3DMs5F 
Further company coverage:  NAAL.NS 

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