Anupam Rasayan suffers fire incident at Sachin GIDC plant; Stock plunges 4.5%

12 Sep 2022 , 09:17 AM

Anupam Rasayan Limited informed to the exchanges that there was a fire incident at company’s plant in Sachin GIDC on September 10. The fire took place in one of the manufacturing block of the factory at Unit-6 of the Company. The company’s fire response team and the local fire brigade brought the fire under control in around one hour. 

As per the filing, the cause of the incident is being investigated. There are 4 fatalities reported, and 20 people are injured and are receiving treatment at the local hospital. Company’s priority is currently its workers and employees. The company stands with affected people and their families, said Anupam Rasayan.

Out of the 6 manufacturing Units spread out at different locations in Sachin GIDC of Surat district and Jhagadia GIDC of Bharuch district, the plant at Unit 6, which is an independent Unit and has the lowest capacity. The company is trying to assess the damage and will take appropriate actions to operationalize the plant shortly. Also, the company is covered for loss of assets and loss of profits under Insurance.

The Company is committed to extend all assistance to the relevant authorities for this matter. Further, the company is assessing the causes of the incident and shall take all the appropriate measures to avoid such incidents in the future.

At around 9:17 AM, Anupam Rasayan was trading at Rs751.60 per share lower by 4.56% on the BSE.

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