AI Champdany Industries Ltd: Intimation about Fire at Wellington Jute Mill

AI Champdany Industries Ltd has informed BSE that a fire occurred on the night of January 21, 2011 at one of the units of the Company viz. Wellington Jute Mill. The fire came under control in the early hours of January 22, 2011, The fire caused damage to the mill's finishing department. The work has been resumed on January 24, 2011 after suspension of work on 22nd & 23rd January 2011. The stocks in the mill premises including building and machineries were insured and fully covered for damage by fire. The company is taking necessary steps to file suitable claim on assessment of damage with the insurance co. About 650 MT of stocks has been damaged and damage to building arid machinery will be assessed after clearing of debris and survey.