alamgir ranch -->

Fire at Saiham Textile cost Tk 700 million

| Updated: December 19, 2018 10:21:49

Fire-fighting units trying to bring the fire under control (Photo: UNB) Fire-fighting units trying to bring the fire under control (Photo: UNB)

Saiham Textile Mills informed that fire at warehouse at Noyapara area in Madhabpur upazila of Habiganj district losses approximately Tk 700 million on December 11.

Fire had been broken out in the mill stock godown at about 1:30am on the day, said the company in a disclosure posted on Dhaka Stock Exchange website on Monday.

The fire quickly spread through raw material and engulf the whole warehouse.  

Teams of fire brigades from three districts relentlessly tried to bring the fire under control and it was under controlled after 20 hours, it said.

The company said there is insurance coverage of the warehouse including the entire stock of the material inside the godown.

The insurance is fully industrial all risk policy (I.A.R) covered of the warehouse including entire stock.

Immediately the insurance company was informed to enquire and ascertain the losses incurred due to fire and they have already visited the site on the day of occurrence to ascertain the quantum of loss and it is under process.

Production, delivery and other activities of the factory is absolutely normal and there is no impact of the operation of the mill due to the fire incident.

The local administration and many other senior officials visited the spot and extended all co-operations.

Saiham Textile, which was listed on the Dhaka bourse in 1988, closed at Tk 55.90 each on December 13 last.

[email protected]

Share if you like