Business Update14 Mar 2026, 05:19 pm
Fire Incident at Kay Power and Paper Ltd's Premises; No Casualties Reported
AI Summary
A fire incident occurred on 12th March 2026 at Kay Power and Paper Ltd's premises in Satara, India. The fire started in the company's external open storage facility used for wastepaper storage and adjacent machineries. It is believed that the fire originated from the premises of an agricultural school and spread to the company's facility. Although the exact cause is yet to be determined, the fire was controlled by the company's internal team using in-house firefighting systems. There were no human casualties or injuries. The raw material stock and machineries at the affected location are insured, and the company has informed the insurance company. An insurance survey is expected to evaluate the loss.
Key Highlights
- Fire incident at Kay Power and Paper Ltd's premises in Satara, India
- Fire occurred in the external open storage facility and affected some machineries
- Fire believed to have originated from an agricultural school's premises
- No human casualties or injuries reported
- Raw material stock and machineries adequately insured; insurance survey expected