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An announcement from Bhageria Industries Ltd. ( (IN:BHAGERIA) ) is now available.
Bhageria Industries Ltd. has reported a temporary disruption at its H Acid manufacturing unit in Tarapur, Maharashtra, after the state pollution regulator ordered a voluntary closure of the plant’s sulphonation section. The directive followed an incident in which a measuring tank containing Oleum fell, causing a leakage and Oleum fumes that created a temporary fog-like situation in the surrounding area.
The company stated that no injuries or casualties were reported and described the shutdown as a precautionary and safety measure mandated by the Maharashtra Pollution Control Board. Bhageria maintains that it operates in compliance with environmental laws and expects no material financial impact, and it plans to conduct a safety audit and secure approvals from the pollution board and the Directorate of Industrial Safety and Health before resuming normal operations.
More about Bhageria Industries Ltd.
Bhageria Industries Ltd. operates in the chemical manufacturing sector, producing specialty chemicals such as H Acid and related intermediates from its facilities in Maharashtra. The company serves industrial customers and emphasizes compliance with environmental and statutory regulations in its operations.
Average Trading Volume: 3,175
Technical Sentiment Signal: Sell
Current Market Cap: 6.69B INR
Find detailed analytics on BHAGERIA stock on TipRanks’ Stock Analysis page.