Business Update7 Aug 2025, 07:03 pm
Fire Incident at Piramal Pharma's Third-Party Warehouse Affects Inventory Worth Rs. 45 Crores
AI Summary
Piramal Pharma Ltd. has been informed about a fire incident that occurred at a third-party warehouse in Annaram, Telangana, on the night of 6th August, 2025. The fire, which is largely under control, has affected inventory worth an estimated Rs. 45 crores. This inventory is adequately covered by insurance and the claim process has been initiated. The company is taking necessary steps to address the situation, working with suppliers for restoration of inventory and with customers to plan for resumption of supplies.
Key Highlights
- Fire incident at a third-party warehouse utilized by Piramal Pharma
- Affected inventory estimated at Rs. 45 crores
- Inventory adequately covered by insurance
- Company taking necessary steps to address the situation
- Working with suppliers for restoration of inventory and with customers for resumption of supplies