Zuari Industries Ltd has informed BSE that a major fire broke out due to leak in pipeline carrying feedstock on August 19, 2011 near Mangor Hill at Vasco. The same occurred due to excavation work being carried out by the contractor of National Highway Authority of India which damaged the underground naphtha pipeline, owned by Joint Venture of the Company namely; Zuari Indian Oiltanking Limited (ZIOL). The cross country pipeline of 14 kms. length from the Mormugao Port to the Terminal of ZIOL carries petroleum products apart from Naphtha. In view of the accident, there may be impact on feedstock supplies to the Company and consequently, production of Urea at the Company's facility.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
