Today News Online Service
Chandigarh, April 6
Cotton stock worth Rs 100 crore destroyed in a major fire that broke out on Monday in the cotton warehouse of Ludhiana-based Trident Ltd’s manufacturing facility at Budhni, Madhya Pradesh. No loss of life has been reported yet.
Company spokesperson Kanchan Sondhi said the fire cause major damage of stocks of cotton, lying in the warehouse resulting in losses of approximately Rs 100 crore. Major losses occurred due to strong dry winds and inclement weather.
The cause for the fire has not been ascertained yet.
“We are proactively monitoring the situation and taking further necessary steps for the safety and well-being of the manpower. The company also informed that damage is adequately covered by Insurance and we have already informed the Insurance Company about the fire Incident,” company said.