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Fire breaks out at Punjab Unit of Nectar Lifesciences

26 Aug 2019 Evaluate

A fire broke out at Nectar Lifesciences’ Unit II, Village Saidpura, Tehsil Derabassi, District S.A.S, Nagar (Mohali) Punjab, on August 24, 2019.

The exact cause of fire/ explosion and financial losses could not be worked out as detailed investigations are required for this purpose. However, the plant has been fully insured to meet losses caused by fire/ explosion.

The company is taking the necessary steps to restore the normalcy of production. 

Nectar Lifesciences (NLL) is a knowledge driven organization which constitutes a vital part of fast growing Indian Pharmaceutical Industry.

Peers
Company Name CMP
Sun Pharma. Inds. 1769.10
Dr. Reddys Labs. 1239.65
Cipla 1330.00
Lupin 1960.00
Zydus Lifesciences 1131.00
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