Fire broke out at Alembic Pharmaceuticals’ API 1 plant located at Panelav, Gujarat in solvent recovery area at around 00.30 am on August 26, 2012. The fire was brought under control in about 3 hours of firefighting by fire brigade. The company has reported that the exact cause of fire is still not known and is being investigated.
The Company is covered by insurance and has intimated insurance Company about the accident. Detailed estimate of loss is being worked out. No human injury was reported; only security guard and 3 laborers received minor injuries / bruises while moving away from accident site.
Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907. The company manufactures and markets generic pharmaceuticals products all over the world.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1783.55 |
| Dr. Reddys Lab | 1277.80 |
| Cipla | 1400.70 |
| Zydus Lifesciences | 1088.90 |
| Lupin | 2268.10 |
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