Fire incident at Chembond Chemicals Limited's Tarapur plant

A fire broke out at Chembond Chemicals Limited's Tarapur, Maharashtra plant on 21st April, 2022 at around 9.30 a.m. IST which was brought under control with the help of the Fire department. The cause of the fire will be assessed in due course. This incident resulted in 1 fatality.

The fire has resulted in damage to raw materials and finished goods stored in the plant, the machinery and building, thereby disrupting the operations of the plant. Production operation at the said plant is suspended temporarily until the survey by the Insurance company. The Company has adequate insurance coverage and has given the required intimation to the Insurance company. Insurance survey is expected to be conducted in due course.

The Company is in the process of ascertaining the actual loss caused due to the fire. The company has been undertaking adequate measures to ensure refunctioning of the plant at the earliest subject to obtaining of necessary approvals from statutory authorities.

Shares of Chembond Chemicals Ltd was last trading in BSE at Rs. 195.85 as compared to the previous close of Rs. 192.50. The total number of shares traded during the day was 4688 in over 207 trades.

The stock hit an intraday high of Rs. 196.60 and intraday low of 191.75. The net turnover during the day was Rs. 915835.00.

Source : Equity Bulls

Keywords

ChembondChemicals INE995D01025 FireIncident Tarapur