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Fire Accident at Ellora Paper Mills Plant in Tumsar

Ellora Paper Mills Ltd has announced that there was a major fire at the Company's paper plant at Tumsar on the night of July 06, 2010.

The fire destroyed the stock of finished paper as well as part of plant & machinery and Building.

The Rice plant as well as the power plant was not affected at all. The fire was brought under control by morning on the 7th of July.

It may not be out of place to mention that plant was adequately insured.

The stock last traded on May 6, 2010 at Rs.114.15, up by Rs.5.40 or 4.97%. The stock hit an intraday high of Rs.114.15 and low of Rs.114.15.

The total traded quantity was 50 compared to 2 week average of 50.

Source: Equity Bulls

Posted On: 2010-07-14 07:40:03

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