Business Update7 Jul 2025, 02:57 pm
Platinum Industries Subsidiary, Platinum Polymers and Additives, Reports Fire Incident at Palghar Factory with No Casualties
AI Summary
On Monday, 07th July 2025, at around 03:15 a.m. (IST), a fire incident occurred at the factory of Platinum Polymers and Additives, a subsidiary entity of Platinum Industries Ltd, located at GUT No. 181/11 to 181/26, Village Dhansar, Palghar, Maharashtra, 401404. Fire was controlled within time and fortunately, there were no casualties or injuries to life. However, the affected operations will be temporarily shut as the full extent of the damage is currently being assessed. The asset at the affected plant is adequately insured, and the firm has already intimated the insurance company for the incident.
Key Highlights
- Fire incident at Platinum Polymers and Additives subsidiary factory in Palghar
- No casualties or injuries reported
- Temporary shutdown of affected operations
- Assessment of damage extent in progress
- Adequate insurance coverage for the affected plant