Shares of Photo voltaic Industries India Ltd fell 2% on 4th September after touching a day’s excessive of Rs 14,378, following an explosion within the crystallisation constructing at its Chakdoh facility in Nagpur, Maharashtra, at 12:33 AM.
Photo voltaic Industries stated the explosion happened throughout the crystallisation technique of an lively materials at its Nagpur facility.
The protection techniques had been activated, and staff within the space had been evacuated beneath emergency procedures earlier than the blast. Regardless of this, one particular person died from the shock influence and eight others had been injured in close by areas.
The corporate knowledgeable the related departments and authorities, and an investigation is underway to establish the causes. Corrective and preventive measures will comply with.
Photo voltaic Industries added that the injury is proscribed to the constructing and is totally coated by insurance coverage.
At 1:42 PM, the shares of Photo voltaic Industries had been buying and selling 1.89% decrease at Rs 14,023 on NSE.
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