Apollo Tyres Ltd's announces disruption of operations at its Oragadam Plant

The production operations of Apollo Tyres Ltd's plant located at Oragadam, Tamil Nadu have been disrupted due to flooding at the factory premises caused by heavy rains in Chennai.

The production was disrupted in 3 shifts till December 02, 2015. The production loss due to this natural calamity is 450 MT (approximately).

The natural calamity is adequately covered under the Insurance Policy of the Company.

Shares of APOLLO TYRES LTD. was last trading in BSE at Rs.155.75 as compared to the previous close of Rs. 157. The total number of shares traded during the day was 154435 in over 2144 trades.

The stock hit an intraday high of Rs. 157.55 and intraday low of 154.5. The net turnover during the day was Rs. 24097246.

Source : Equity Bulls

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