Brief: GRP Says Assessed Loss On Damage Due to Fire incident At Solapur Unit About 180 Million Rupees

GRP

13/03/2023 06:56

March 13 (Reuters) - GRP Ltd  GRPI.NS :
    * GRP LTD - UPDATES REGARDING FIRE INCIDENT AT ONE
MANUFACTURING
PLANT LOCATED AT SOLAPUR ON FEB 15
    * GRP LTD - ASSESSED LOSS ON DAMAGE TO STOCK PLANT &
MACHINERY AND
BUILDING TOGETHER IS ABOUT 180 MILLION RUPEES
    * GRP LTD - COMPANY HAS ADEQUATE INSURANCE COVER AGAINST
SAID
LOSSES
    * GRP LTD - CO ESTIMATES IMPACT TO OPERATING PERFORMANCE BY
WAY OF
LOSS OF PRODUCTION TO TUNE OF A REVENUE LOSS OF 50 MILLION
RUPEES
    * GRP LTD - ESTIMATES GROSS MARGIN IMPACT OF ABOUT 15
MILLION
RUPEES

Source text for Eikon:  ID:nBSE4Nj28g 
Further company coverage:  GRPI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))