The Hindu Business Line : Fire mishap at GMR sugar plant

HYDERABAD: GMR Technologies and Industries Ltd, part of the GMR group, has informed the stock exchanges that a fire accident occurred at its sugar plant situated at Sankilli village in Srikakulam district of Andhra Pradesh.

According to the company, the fire broke out in the biomass yard on May 17, where approximately Rs 2.5 crore worth wood chips and bagasse that was to be used as fuel for the boiler for the 16MW co-generation plant in the off-season was stored. However, the company said there was no damage to the machinery in any way and the production of both sugar and power was going on normally.

While confirming that the accident would not disrupt the operations of the sugar and power divisions, the company said: "The loss is fully insured and we do not expect any affect on the profitability of the company because of the above accident."

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