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Sigachi Industries Limited ( (IN:SIGACHI) ) has provided an announcement.
Sigachi Industries Limited reported a tragic accident at its Pashamylaram facility in Telangana, resulting in the loss of 40 employees and injuries to 33 others. The company is actively managing emergency responses, supporting affected families, and cooperating with ongoing investigations, while clarifying that the incident was not due to a reactor explosion. Operations at the plant are suspended for about 90 days, and Sigachi has pledged compensation and medical support for victims, highlighting its commitment to safety and stakeholder support.
More about Sigachi Industries Limited
Sigachi Industries Limited operates in the manufacturing sector, focusing on producing microcrystalline cellulose, a key excipient in pharmaceutical, food, and nutraceutical industries. The company is known for its commitment to quality and innovation, serving a diverse market with its specialized products.
Average Trading Volume: 347,957
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