Tirupati Inks informed that a major fire has erupted at the factory premises at Kanpur, Uttar Pradesh during early hours of March 21, 2011. The company has clarified that plant and machineries, inventories and other assets were fully insured. In this regards the company is in process of taking necessary action along with assessing the loss suffered and filing claims with insurance authorities.
The company has also informed that its manufacturing facilities at Jammu are fully operational and hence it is not anticipating any major disruptions in the delivery schedule of the finished products.
The company is mainly engaged in the business of manufacturing of printing ink and trading in polyester films. The Company has two manufacturing facilities i.e. one at Kanpur & another at Jammu. At Kanpur Unit, mainly printing ink is manufactured apart from a small volume of printing cylinders and at the Jammu Unit, only printing ink is manufactured.
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