A fire accident has occurred at product godown in one of Coromandel International’s manufacturing units at Sarigam, Gujarat, on January 28, 2019. This unit manufactures crop protection chemicals. The fire has been brought under control and there is no loss or injury to human life.
The company has insurance coverage for this and has informed the insurance company about the incident. While the company is in the process of ascertaining the damage caused by the fire, there is likely to be no significant impact on its operations. The company has another unit manufacturing the product and has sufficient stock to meet the market requirements.
Coromandel International is engaged in the manufacturing of fertilizers, plant protection chemicals and speciality nutrients.