Shares of Gujarat Fluorochemicals Ltd slumped 6% on 30 December after the corporate introduced an incident of a leak at its Dahej plant on 28 December that led to 4 deaths, which concerned one worker and three contractual staff.
The incident occurred on the CMS-1 plant in Dahej, Gujarat, and was promptly contained; nonetheless, operations have been briefly halted, the corporate acknowledged.
In its regulatory submitting on 29 December, the corporate mentioned, “The incident occurred on 28 December 2024, round 8 pm, which was instantly detected and contained by the group. Nonetheless, people within the windward course skilled opposed well being results who have been promptly given due main remedy at our onsite Occupational Well being Middle (OHC) and have been referred to Bharuch Hospital for superior medical take care of advance remedy. Sadly, regardless of all our efforts, the 4 people succumbed to the problems.”
The administration introduced quick assist for the grieving households, together with an ex-gratia cost of Rs 30 lakhs, full settlement of statutory dues, insurance coverage advantages, and pending salaries. Gujarat Fluorochemicals additionally acknowledged it will present employment to a dependent of the deceased worker and sponsor their schooling.
Gujarat Fluorochemicals’ Dahej plant, established in 2007, makes a speciality of producing fluoropolymers, speciality, and bulk chemical compounds and stands as the biggest fluoropolymer facility in India. The corporate operates 5 manufacturing models, three in Gujarat and one every within the UAE and Morocco.
GFL is shifting its focus in the direction of increased value-added merchandise throughout its segments and has initiated a company restructuring by means of demerger to reinforce shareholder worth. Regardless of dealing with demand challenges from Europe within the first half, the administration expects vital monetary enhancements from This autumn FY25 onwards. The corporate has additionally deliberate a capital expenditure of Rs 5,000 crore by FY27.
At 3:18 pm, the shares of Gujarat Fluorochem have been buying and selling 6.39% decrease at Rs 4,118 on NSE.
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