Aditya Birla Group firm Century Enka shares slip 10% as fire breaks out at Gujarat spinning factory; check details

The fire broke out at around 9:05 am IST on February 26 at its Rajashree Polyfil, Bharuch factory, the Aditya Birla Group-owned company said in a regulatory filing to the bourses.

It said that there were no human casualties or injuries.

While the company reported that the fire was under control at the time of communication to the exchanges-- at around 11:05 pm on Wednesday, the production operations at the factory have been temporarily disrupted.

However, the fire is likely to have no material impact on the company’s profitability, it communicated.

It is in the process of ascertaining the cause of the fire and the actual loss caused by it, Century Enka said.

“There is adequate insurance coverage for the said plant, and intimation to the insurance company is being made,” it mentioned.

As of 11:39 am, the stock of Century Enka was down 8.89% at ₹544 on the NSE.

Past stock performance

Century Enka stock closed at ₹597.10, up 4.26% on the NSE on Tuesday.

The scrip rose 6.24% over the past five days and 0.54% in the last one month. However, it has slipped 13.22% on a year-to-date basis.

Century Enka has a total market capitalisation of ₹1,179.60 crore as of February 27, 2025, on the NSE.

About the company

Part of the Aditya Birla Group, Century Enka is a leading player in the Indian synthetic fiber industry. It is primarily engaged in manufacturing industrial and textile yarns used in apparel and tyre reinforcement.