Prem Industries, a plywood industry situated at the Metagalli industrial area caught fire early morning at around 4:00 am on Wednesday.
The security immediately called the fire brigade. The fire brigade rushed to the spot and extinguished the fire. It is estimated that plywood worth lakh of rupees has been burnt. It is suspected that short circuit may have caused the fire.
There were many shops close by, selling crackers. Fortunately, the fire brigade put off the fire, avoiding a major tragedy.
Vijayanagar police are investigating the incident.