Edition:
United Kingdom

J B Chemicals And Pharmaceuticals Updates On Fire At Panoli Plant


Tuesday, 24 Jul 2018 

July 24 (Reuters) - J B Chemicals and Pharmaceuticals Ltd ::UPDATES ON EXPLOSION/FIRE AT API PLANT AT PANOLI, GUJARAT.OUT OF 8 PLANTS AT SAID FACILITY, 4 PLANTS HAS BEEN AFFECTED BY INCIDENT.J B CHEMICALS AND PHARMACEUTICALS-TOTAL TIME LEADING TO COMMENCEMENT OF COMMERCIAL MANUFACTURING AT AFFECTED PLANTS IS EXPECTED AROUND 9 TO 10 MONTHS.TOTAL COST ON NEW PLANT & MACHINERY/CIVIL WORK IS ESTIMATED AROUND 150 MILLION RUPEES TO 200 MILLION RUPEES.THE COMPANY DOES NOT CONSIDER THIS IMPACT AS MATERIAL KEEPING IN VIEW THE SIZE OF ITS OPERATIONS.DURING 2018-19, SEES LOSS OF SALES OF 50 MILLION RUPEES, ADDITIONAL COST OF 20 MILLION RUPEES. 

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19 Jul 2019