Tribune News Service
Chandigarh, April 6
Cotton inventory value Rs 100 crore destroyed in a serious fire that broke out on Monday in the cotton warehouse of Ludhiana-based Trident Ltd’s manufacturing facility at Budhni, Madhya Pradesh. No lack of life has been reported but.
Company spokesperson Kanchan Sondhi mentioned the fire trigger main harm of shares of cotton, mendacity in the warehouse ensuing in losses of roughly Rs 100 crore. Major losses occurred attributable to robust dry winds and inclement climate.
The trigger for the fire has not been ascertained but.
“We are proactively monitoring the scenario and taking additional crucial steps for the security and well-being of the manpower. The firm additionally knowledgeable that harm is sufficiently coated by Insurance and we now have already knowledgeable the Insurance Company in regards to the fire Incident,” firm mentioned.