UPL Ltd.
BSE: 512070 | NSE: UPL
Mid Cap | Pesticides & Agrochemicals
594.65
12.80 (2.20%) UPL informs about updates on fire incident at Jhagadia unit
Date: 26-02-2021As regards the clarification sought by the exchange, UPL has informed that there will be no material impact on revenues of the Company due to the fire incident that took place on 23rd February 2021 in one of the plants at Jhagadia site, which was shut for its planned annual boiler inspection. There are alternate sources available for the products that were manufactured in the said plant. The Company is also currently working on requisite steps to resume operations at other plants located at the same site. As regards the damage, the Company has been able to get access to the entire site yesterday and is in the process of ascertaining the extent of damage. The Company further stated that the Company has adequate insurance in place to cover the damages at the plant.
The above information is a part of company’s filings submitted to BSE.