Kamdhenu reports fire at Alwar paint factory
The company has informed a fire broke out at its paint factory situated in Chopanki, Alwar, Rajasthan. No casualty has been reported.
A fire broke out at the company's paint factory on Saturday night which damaged the properties and has disrupted production at the plant. However, the plant has insurance cover for its assets at the premise, the company informed through a press release to the exchanges.
Earlier, the company's management had indicated that it wants to hive-off its paint division through a demerger to focus on each steel and paint division separatedly, besides unlocking value for shareholders by listing two separated entities on the exchanges.
The company's board meeting to consider the Q4 and full year FY19 results is scheduled for Thursday, May 2.
Kamdhenu Limited is the country's largest manufacturer and seller of branded TMT Bars with significant presence in the paint sector.
On Friday, the stock of Kamdhenu Limited closed at Rs. 174.55 per share, up by Rs. 1.55 or 0.90 per cent on BSE. The stock's 52-week high is at Rs. 264.95 per share and 52-week low is at Rs.142.05 per share.