A day after the production unit of Birla Tyre at Balasore district caught fire due to a technical problem at its gas and steam section, the company authority after an assessment today has stated that there was insignificant loss due to the accident.
"We have assessed that there was no major loss due to the fire accident and losses are estimated at around Rs 1 lakh. Our in-house fire guards controlled the situation within a couple of minutes and thus saved the entire factory,” said an official of the company placed at Balasore after attending a board meeting regarding the accident.
There was no disruption of production due to the accident and the plant is running at full capacity, he added.
Birla Tyre produces about 1.5 million tyres per annum at its Balasore unit for passenger cars, commercial vehicles including buses and trucks and farm vehicles. The company also exports the tyres to 50 countries from this unit, where more than 5,000 workers are engaged.
It is part of the Bombay Stock Exchange (BSE) listed Kesoram Industries, a B K Birla group company. Kesoram Industries is a highly diversified company, with business interest in cement, rayon yarn, refractories, textiles, tyres pipes etc. However, cement is the largest contributor to the turnover of the company with over 55 per cent share.