The shares of Aditya Birla Group’s company Century Energ Limited recorded a 10% decline of 10% on Thursday. The decline came after the company informed about the fire at the spinning plant in Bharuch, Gujarat.
During the trading, the stock reached the highest level of ₹ 595.20 and a low of ₹ 535.
- In March 2024, the stock was at a 52 -week low of ₹ 379.90.
- It reached the highest level of ₹ 863.90 in August 2024.
- However, in 2025, the stock has fallen 15% so far and 20% in the last three months.
- Despite an increase of 10% in the previous week and 6% in the last month, the stock shocked the stock.
What is the whole matter?
On 27 February, the company informed the stock exchanges that a fire broke out in the Nylon Filament Yarn (NFY) spinning plant of Unit-Rajshree Polyphil in Rajshree Nagar in Bharuch district.
- The incident took place at 9:05 pm on 26 February and it was reported about two hours later at 11:05 pm.
- The company confirmed that the fire was controlled by the time of the announcement.
- Due to this fire, the operation of NFY spinning plant was temporarily disrupted.
- No employee was reported to have been casualty.
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What will be the effect on the company?
- The company said that it was investigating the cause of the fire and assessing the damage limit.
- Insurance coverage is sufficient, and the insurance company has been informed.
- This incident is unlikely to have any significant impact on the company’s financial performance.
Shareholding pattern
- Promoters have 24.86% stake.
- Public shareholders have a 75.14% stake.
