Situated in the north-east part of the city, CEAT's Bhandup plant is the oldest manufacturing unit of the company and has a 250 metric tonnes a day capacity. It rolls out farm, truck and OTR tyres.
Production at tyre manufacturing company CEAT 's Bhandup facility, which was halted due to a massive fire at the plant last Sunday, resumed today, the company said here.
Situated in the north-east part of the city, CEAT's Bhandup plant is the oldest manufacturing unit of the company and has a 250 metric tonnes a day capacity. It rolls out farm, truck and OTR tyres. "We have resumed production at our Bhandup plant. Meanwhile, we are trying to find out the cause of the fire and will take corrective action so that such an incident doesn't reoccur," company's managing director Anant Goenka said in a release.
The operations at the facility were suspended last Sunday following a major fire at its raw material store which left one person injured. The company said that there was no loss of life due to the accident and the person who received superficial burns was taken to hospital and was being treated.
"We stringently adhere to all safety measures and standards prescribed at all our manufacturing facilities and are always striving towards creating a better and safe work environment for our employees," Goenka said. A major fire had broken out at the premises of the company at Nahur near Bhandup on Sunday. The incident also disrupted train services on the central line.
Ceat stock price
On February 25, 2014, Ceat closed at Rs 278.65, up Rs 0.30, or 0.11 percent. The 52-week high of the share was Rs 384.65 and the 52-week low was Rs 87.15.
The company's trailing 12-month (TTM) EPS was at Rs 71.23 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 3.91. The latest book value of the company is Rs 207.12 per share. At current value, the price-to-book value of the company is 1.35.
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