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Below are Quote on Zuari Agro manufacturing impacted due to cyclone Tauktae by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

Zuari agro chemicals limited has announced that their fertilizer plant situated at Zuarinagar, Goa was impacted on May 16, 2021 by Cyclone-Tauktae and there could be some damages caused to the fertilizer plant at Goa. The Company is in the process of assessing the damages caused by the cyclone Tauktae and the same would be intimated to the stock exchanges on completion of the assessment. In view of this there could be a potential delay in restart of Ammonia & Urea plants.

This is negative news for the Zuari agro, we may see stock to be under pressure till the time loss assessment report to be filled. This was the first incident which was reported in India regarding loss due to the Tauktae cyclone.

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