Balco Management has announced a compensation of Rs3 lakh to the owner of an electronic shop situated at Parsabhata that caught fire the other day. According to sources, a major fire was broke out in an electronic shop on Monday morning and soon it was reduced to ashes. Blaming Balco for the incident, traders, members and officials of Chamber of Commerce reached the spot and staged a protest against Balco Management and blocked the main gate of Balco near Parsabhata Bazaar.
later MlA Jai Singh Agrawal also joined the protesters at 3 pm and demanded compensation from the Balco Management. Congress leaders and public representatives also joined the protest. later, a team of Balco officials, including Chief Executive Officer Ramesh Nair and Head of Human Resource Department Kumud Kumar met MlA Jai Singh Agrawal and the agitators and discussed the matter with them.
The Balco team denied their involvement in the mishap and announced a compensation of Rs3 lakh under CSR activities to the victim, following which the protesters called-off their agitation. “It was a sad incident, but Balco is not at all responsible for it. Under CSR activities, Balco has announced compensation of Rs3 lakh to the owner of the electronic shop,” said a statement from Balco.