New Delhi: Apollo Tyres on Saturday said it has resumed operations at its manufacturing plant located at Oragadam near Chennai.
"The company has started its production operations. We have made sure that the excess water gets drained into rainwater harvesting system. Storm water drains are clog free. Our employees are safe and secure," the company said in a filing to the BSE.
There is no damage to equipment, it added.
"The company only had production loss/consequential loss of profit which is not significant. So far, we have lost 10 shifts production (1,500 MT approximately)," the company said.
The firm would be able to assess the insurance loss in due course, once full normalcy is restored, it added.
Apollo Tyres had suspended operations at the respective plant due to flooding caused by the heaviest rainfall in Chennai in over a century.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
