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Carborundum Universal has provided an update on the impact of Kerala rains on its operations, as its electrominerals division contributes about 26 per cent of its standalone revenues from the region.
In a release to the exchanges, the company said the facilities at Edapally, Koratty and Kakkanad are all safe and continue to be in operation.
However, the hydel power plant of the company generating power for captive consumption of the electrominerals division at Maniyar has been flooded and is currently not generating power.
The employees working in this plant have been moved to safety.
The non-generation of power by the plant has so far not impacted the operations of facilities in Kerala.
The extent of damage and the likely time needed to restore generation of power at this hydel facility can be assessed only after the water recedes, it said. Shares of Carborundum Universal closed at ₹349.25, down 0.51 per cent, on the NSE.
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