
Business Update13 Mar 2026, 03:29 pm
Fire Incident at Kay Power and Paper Ltd's Premises; Expected to Resume Operations Within 15 Days
AI Summary
A fire incident occurred at Kay Power and Paper Ltd's external open storage facility in Satara, used for storing wastepaper. The fire originated from an adjacent agricultural school and spread to the company's storage facility and nearby machineries. The company's internal team managed to control the fire using in-house firefighting systems, and no human casualties or injuries were reported. The raw material stock and machineries at the affected location are adequately insured, and the company has already informed the insurance company. The estimated impact on the plant is not expected to be significant, and operations are projected to resume within 15 days.
Key Highlights
- Fire incident at Kay Power and Paper Ltd's external open storage facility in Satara.
- The fire originated from an adjacent agricultural school and spread to the company's storage facility and nearby machineries.
- No human casualties or injuries reported.
- Raw material stock and machineries at the affected location are adequately insured.
- The plant is expected to resume operations within 15 days.
Price Impact
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