Vinati Organics Limited has temporarily halted factory operations at its unit in Mahad due to flooding at its manufacturing unit.
“Due to unprecedented and persistent rains in the entire Raigad District of Maharashtra causing flooding at its manufacturing Unit at Mahad, the Factory operations at the said Unit have been temporarily halted,” the company said in a filing on Monday.
“We are in the process of assessing the situation and shall take necessary steps to resume the operations at the unit at the earliest,” it added.
At around 11.55 AM, Vinati Organics Ltd was trading at Rs1,936.85 per piece down by Rs12.15 or 0.62% from its previous closing of Rs1,949 per piece on the BSE.
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