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Aarti Drugs Ltd Updates On Occurrence Of Accident At Tarapur Plant

Tuesday, 2 Apr 2013 04:03am EDT 

Aarti Drugs Ltd announced that the Company is having nine manufacturing units in Tarapur, Maharashtra & Sarigam, Gujarat, There was an explosion in one of the plants in manufacturing unit located at Plot No. N - 198 Tarapur on March 22, 2013. This plant was manufacturing MNI, an intermediate which was further processed to manufacture two APIs. These two APIs contribute about 13% of the total turnover of the Company on an annualised basis. Meanwhile the Company has taken efforts to procure the affected intermediate from outside and the supplies would be restored within a month approximately. Timeframe to rebuild the affected intermediate plant is being worked out. Assets of the affected plant are adequately insured. 

Company Quote

17.7 +2.54%
12:13am EDT