PI Industries informs regarding accident at Jambusar manufacturing site; stock down ~2%

PI Industries informed the exchanges regarding a factory accident that happened on Monday in one section of a Multi-Product Plants (MPP) at our Jambusar fine chemicals manufacturing site in Gujarat. This accident has resulted in two fatalities and nine injuries.
 
The accident did not result in any fire or hazardous emissions but was limited to one MPP and has not affected operations of the other MPPs at the site.

In compliance with the company's protocols, investigation has been initiated to determine the root cause (Hazop) of the accident. While the impact of the incident is being ascertained, the damaged equipment are fully covered by way of insurance, the company stated

Stock View:

P I Industries Ltd is currently trading at Rs1,402.25 down by Rs17.1 or 1.2% from its previous closing of Rs1,419.35 on the BSE.
The scrip opened at Rs1,385 and has touched a high and low of Rs1,418.05 and Rs1,373.45 respectively. So far 1,29,701 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs19,613.34cr.

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