Business Update24 May 2026, 10:00 pm
Camlin Fine Sciences: Fire Incident at Diphenol Plant
AI Summary
A fire incident occurred at Camlin Fine Sciences' Diphenol Plant on May 23, 2026, around 11:30 p.m. due to a leakage of high-temperature thermic fluid. The fire was extinguished by 12:30 a.m. on May 24, 2026. The incident resulted in an estimated loss of ₹2 crore, including inventory and damage to equipment, which is covered by insurance. Ethyl Vanillin production was temporarily shut down as a precaution but is expected to restart within 48 hours. The company does not anticipate any impact on sales of downstream products. The Diphenol plant was already undergoing shutdown due to geopolitical and economic constraints affecting raw material availability.
Key Highlights
- Fire incident occurred at Camlin Fine Sciences' Diphenol Plant on May 23, 2026.
- Estimated loss of ₹2 crore due to fire, covered by insurance.
- Ethyl Vanillin production temporarily shut down, restart expected within 48 hours.
- Diphenol plant shutdown was already in progress due to economic factors.
- No anticipated impact on sales of downstream products.