Business Update23 Aug 2025, 12:21 pm
PG Foils Ltd. Reports Fire Incident at Manufacturing Plant with Estimated Loss of Rs. 2.5 - 3 Crores
AI Summary
PG Foils Ltd. announced a fire incident that occurred at their LOT Gas Supply System in the Manufacturing Plant, located at PG Foils Limited, Pipalia Kalan Distt. Pali, Rajasthan- 306307 on Saturday, August 23, 2025. The fire was controlled within 3 to 4 hours with no injury or loss to human life. The Company is currently investigating the root cause of the incident and expects a loss of approximately between Rs. 2.5 crore to Rs. 3 crores. They have adequate insurance coverage and are taking steps to ensure normal operation at the plant at the earliest. The Company is committed to ensuring the highest safety standards.
Key Highlights
- Fire incident at PG Foils Ltd. Manufacturing Plant in Rajasthan
- Fire controlled within 3-4 hours, no injury or loss to human life
- Expected loss due to fire is approximately between Rs. 2.5 crore to Rs. 3 crores
- Adequate insurance coverage
- Company taking steps to ensure normal operation at the plant at the earliest