Fiem Industries working towards avoiding supply disruptions due to fire mishap at Haryana unit
It is in the process of arranging supply to its OEM customers from other units, to avoid any disruptions in supply.
In an exchange notification (13 June 2023), FIEM Industries, a manufacturer of automotive parts and systems, said that a fire had taken place at noon that day in one of their company units in Haryana.
It further stated that there was, fortunately, no loss or injury to human life, and the fire was got under control in a few hours. There was damage to the building, plant and machinery, stocks and furniture.
The company is in the process of ascertaining the loss caused by the fire and has initiated the necessary procedure for an insurance claim as its assets are adequately covered by the insurance, it said in the exchange notification.
It is in the process of arranging supply to its OEM customers from other units, to avoid any disruptions in supply. The shares had fallen by over 3% on 14 June, reacting to the fire mishap.
Fiem Industries manufactures automotive systems and parts i.e. automotive lighting systems and signalling equipments, automotive LED lighting systems, rearview mirrors, sheet metal parts, and plastic parts for two, three, and four-wheelers, as per its website.
RELATED ARTICLES
Gensol Engineering MD and Whole-time Director Resign Effective May 12
Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi step down from their positions effective ...
Vedanta Aluminium Develops Process to Recover Graphite from Aluminium Industry Waste
On National Technology Day 2025, Vedanta Aluminium announces a patented process that recovers battery-grade graphite fro...
Greaves Cotton Issues ₹40 Crore Corporate Guarantee for Subsidiary GEML's Loan from Tata Capital
Greaves Cotton Limited has extended a ₹40 crore corporate guarantee to Tata Capital, securing a two-year term loan avail...