SRF Ltd would begin operating its Chennai plant in phases after the factory was temporarily shut last month due to flooding on heavy rainfall.
“The company had said earlier the factory was shut due to flooding caused by incessant rains. Due to heavy water logging and continuous rain, the damage could not be ascertained as of now,” it said.
However, in its latest communication to the stock exchanges, the company said, “the water level has receded in the plant and power and basic utilities have been restored”.
“As this is a complex plant, production is being started in phases and the dipping process has started as of now. Adequate steps are being taken to restore normalcy,” it said.
SRF has nine manufacturing facilities in India, four overseas plants and about 6,500 employees globally.
Shares of the company were trading at Rs 1,342, up 4.86 per cent on the BSE.