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Fire at HP Cotton Textile Mills Hisar Factory

Posted On: 2010-09-15 06:44:06

HP Cotton Textile Mills Ltd has announced that on September 14, 2010, a violent mob comprising JATs attacked the factory premises of the Company situated at Hisar, Haryana, during a 'JAT ANDOLAN' and set afire the factory premises resulting in severe damage to the factory building, furniture and fixture. Prima facie, it appears that almost all raw materials, some of the plant & machinery, statutory and other records were burnt/destroyed/damaged in the fire, resulting in closure of factory temporarily.

The stock closed the day at Rs.20.05, down by Rs.0.30 or 1.47%. The stock hit an intraday high of Rs.21.20 and low of Rs.19.35.

The total traded quantity was 2234 compared to 2 week average of 1071.

Source: Equity Bulls

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