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New Delhi: A fire broke out on Sunday at the Manesar factory of auto component maker Subros Ltd that makes air-conditioning kits for car makers based out of the Delhi-National Capital Region (NCR).

Subros is controlled by New Delhi-based Suri family, which also runs The Lalit chain of hotels and resorts.

Immediate reports suggest that there were no casualties but the fire was said to have gutted the factory. It seems to have been caused by a blast in a moulding machine that was run on a commercial liquefied petroleum gas (LPG) cylinder, according to workers employed by several companies in the belt.

Mint could not verify these claims immediately.

Around 200 workers were rushed out of the factory premise immediately, following which local fire engines were rushed to the spot.

“Fire is under control. We are taking stock of the situation," Ramesh Suri, chairman, Subros said, without disclosing the extent of damage and reason for the factory catching fire. “It will be all right. It will take some time but we will be fine," he said.

Subros, founded in 1985 as a joint venture public limited company with 40% ownership by the Suri family of India and 13% ownership by Denso Corp. and Suzuki Motor Corp. each, is the leading manufacturer of thermal products for automotive applications in India in technical collaboration with Denso.

Subros has two manufacturing plants in Noida and one each in Manesar, Pune, Chennai and Sanand with an annual capacity of 1.5 million air-conditioning Kits a year, besides a research and development centre and a tool room in Noida.

On Friday, Subros stock fell 10.95% to 93.10 apiece while benchmark index Sensex rose 1.09% to 26,653.60 points.

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Updated: 30 May 2016, 02:23 AM IST
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