StockWatch
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Diversified Metals
Business Update5 Aug 2026, 08:30 pm

Jain Resource Recycling Resumes Manufacturing Operations Post-Fire Incident

AI Summary

Jain Resource Recycling Limited has received an order from the Director of Industrial Safety and Health, Chennai, permitting the resumption of manufacturing operations at its Unit-II facility, including the shed affected by a fire incident on July 27, 2026. This follows an appeal filed under the Factories Act, 1948, and acknowledges the rectifications and safety measures undertaken by the company. The prohibition order dated July 27, 2026, has been revoked, subject to stipulated safety conditions. The company is assessing the financial impact and ensuring compliance with all safety requirements.

Key Highlights

  • Manufacturing operations at Unit-II, including the fire-affected shed, can resume.
  • Order received from Director of Industrial Safety and Health, Chennai.
  • Prohibition order revoked after safety measures were implemented.
  • Company is assessing potential financial impact.
  • Strict compliance with safety conditions is being ensured.