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Fire breaks out at Indo Amines’ Dhule plant

01 Aug 2013 Evaluate

Fire broke out at Indo Amines’ plant located at Dhule in state of Maharashtra on July 27, 2013. One section of the plant and some portion of office building were damaged due to fire. The plant and office are covered by insurance.

Further no loss on revenue or production has been reported. The damaged portion of Dhule plant will get operational in 15-30 days time. The company estimates capital expenditure of Rs 1 crore for repairs and restarting operations.

Indo Amines is engaged into manufacturing various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.

Peers
Company Name CMP
Godrej Industries 1105.50
SRF 2561.00
BASF India 3585.00
Pidilite Inds. 1566.10
Tata Chemicals 689.00
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