Business Update30 Jun 2025, 05:33 pm
Sigachi Industries' Hyderabad Plant Suffers Fire Damage, Operations Halted for 90 Days
AI Summary
Sigachi Industries Ltd. reported a fire incident at its Hyderabad Plant on June 30, 2025, resulting in loss of life and injuries. The incident also caused damage to ancillary equipment and civil structures. The plant's operations will be temporarily paused for around 90 days for replacement and restoration of affected equipment and structures. The other two plants continue to operate normally. The Hyderabad facility is fully insured, and the company is committed to resuming operations at the earliest with enhanced focus on safety, risk mitigation, and operational excellence.
Key Highlights
- Fire incident at Sigachi Industries' Hyderabad Plant
- Loss of human life and injuries reported
- Damage to ancillary equipment and civil structures
- Operations to be halted for approximately 90 days
- Company committed to resuming operations with enhanced safety measures