There was a fire accident in the plant of India Steel Works Ltd situated at Zenith Compound, Khopoli, Raigad-410203 on July 11, 2019.
Fortunately, there has been no loss or injury to human life. The fire was controlled within the time causing the least effect on plant & machinery. However, the Company is in the process of ascertaining the actual loss caused by the fire and have already informed to the Insurance Company of the same. The Company is taking adequate steps to ensure refunctioning of the plant at the earliest.
Since, the head office of the Company and the plant are situated in the adjoining building, the working was disrupted by the fire.
Shares of INDIA STEEL WORKS LTD. was last trading in BSE at Rs.0.72 as compared to the previous close of Rs. 0.71. The total number of shares traded during the day was 30167 in over 34 trades.
The stock hit an intraday high of Rs. 0.74 and intraday low of 0.66. The net turnover during the day was Rs. 20549.