One reactor has exploded/caught fire this morning at J. B. Chemicals & Pharmaceuticals Limited's API manufacturing unit at Panoli, Gujarat in the course of manufacturing process. This has damaged surrounding civil structure and equipment. The extent of damage/loss is not known at present. The buildings and plant and machinery at the said unit are fully covered by insurance.
The company is presently assessing the extent of loss/damage and steps to be taken to restore the normalcy. Company's immediate assessment reveals that the manufacturing activity at the said unit will be affected due to the incident. However, exact impact will be known after the assessment is over.
Shares of J.B.CHEMICALS & PHARMACEUTICALS LTD. was last trading in BSE at Rs.247.95 as compared to the previous close of Rs. 253.5. The total number of shares traded during the day was 3541 in over 169 trades.
The stock hit an intraday high of Rs. 254.45 and intraday low of 240.05. The net turnover during the day was Rs. 880245.