₹100 crore loss expected after fire at Apple supplier Foxlink's Andhra plant

After a massive fire broke out at Apple supplier Foxlink's assembly facility in Andhra Pradesh, the company's management has estimated the damage caused by the fire to be worth ₹100 crore. The largest shed at the facility, where all the production takes place, was charred. Foxlink, which makes cables for iPhone chargers in India, has halted production after the fire.