Rain damages Rs.50-cr sugar stock at Yamunanagar mill
Karnal, July 1 -- Heavy overnight rain in Yamunanagar damaged at least 1.25 lakh quintals of sugar worth nearly Rs.50 crore stored at two warehouses of Saraswati Sugar Mills, officials said on Monday.
According to the India Meteorological Department (IMD), Yamunanagar received 37.9 mm of rainfall - nearly 576% more than the normal 5.6 mm for the day.
However, at an observatory installed within the sugar mill, 160 mm of rainfall was recorded between 11 pm on Sunday and 8 am on Monday, said SK Sachdeva, CEO of Saraswati Sugar Mills.
"Our security staff alerted us around midnight about water entering the premises. We found 3 to 4 feet of water inside two warehouses storing around 2.2 lakh quintals of sugar. Estimates suggest a loss of 1-1.25 lakh quintals valued between Rs.45 crore and Rs.50 crore," he said. htc...
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