Fire incident at Platinum Industries Limited's subsidiary

On Monday, 07th July 2025, at around 03: 15 a.m. (IST), a fire incident occurred at the factory of our Subsidiary Entity (Partnership Firm), M/s Platinum Polymers and Additives, situated at GUT No. 181/11 to 181/26, Village Dhansar, Palghar, Maharashtra, 401404.

Impact on Operations:

Fire was controlled within time and fortunately, there were no casualty and injury to life. However, the affected operations will be temporarily shut. We are currently assessing the full extent of the damage caused.

Insurance Coverage:

The Asset at the affected plant is adequately insured, and the firm has already intimated the insurance company for the incident and insurance survey is expected to be conducted in due course.

Shares of Platinum Industries Limited was last trading in BSE at Rs. 274.60 as compared to the previous close of Rs. 275.55. The total number of shares traded during the day was 19938 in over 742 trades.

The stock hit an intraday high of Rs. 278.00 and intraday low of 269.75. The net turnover during the day was Rs. 5474734.00.

Source : Equity Bulls

Keywords

PlatinumIndustries INE0PT501018 SpecialtyChemicals Subsidiary FireIncident