Varroc Engineering intimates of fire accident at subsidiary's plant in Pune

Image
Capital Market
Last Updated : Feb 18 2020 | 12:31 PM IST
Varroc Engineering announced that fire occurred at Varroc Lighting Systems India, subsidiary of the company, plant located at Hinjewadi, Pune. The Plant manufactures lighting products for four wheelers in India and contributes 2.0% to the consolidated revenue of Varroc Engineering.

The fire incidence took place outside the manufacturing block, which then spread to packaging area and resulted into a fire outbreak. There are no human casualties reported. The Company is in the process of ascertaining the actual cause of fire and the loss caused by it. Adequate steps are being undertaken to ensure customer service at the earliest.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 18 2020 | 12:20 PM IST

Next Story