Fire At Aditya Infotech Subsidiary Plant Causes Estimated 28 Crore Loss; No Casualties Reported
India, Sept. 10 -- CP Plus parent Aditya Infotech, based in Noida, disclosed a fire at a subsidiary's manufacturing plant in Andhra Pradesh, traced to a short circuit in the facility's power board. The company was quick to note there were no injuries and no interruption to ongoing production, while still sharing a preliminary damage figure ahead of a more thorough assessment. Insurance should cover the bulk of the loss though whether the final tally, or any operational ripple effects, ends up looking different is still unclear.
Shares of Aditya Infotech Ltd are trading at Rs. 3,837.80, up 2.49 percent on Thursday. The stock touched the intraday high of Rs. 3,879.90 after opening at Rs. 3,662.00 before slipping to a low of Rs. 3,662.00. ...
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