News Announcement

The Ruby Mills: Updates

Ruby Mills Ltd has informed BSE that the Companys processing unit at Village Kharsundi, Taluka Khalapur is currently experiencing disruption of operations due to Power shut down by Maharashtra State Electricity Board (MSEB) on February 07, 2017 pursuant to Maharashtra Pollution Control Board (MPCB) instructions due to non-operation of Common Effluent Treatment Plant (CETP). MIDC has issued a fresh operation and maintenance contract for the CETP and the contractor has mobilised this week. The resumption of operations of CETP and the Processing unit is expected soon. The existing LOP Policy (Insurance Policy) does not cover such situations. However, we do not expect any material loss/damage besides marginal impact on production/ operation.

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