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Sigachi Industries Shares Tumble Nearly 8 Pc; Fall for 3rd Day
- On June 30, a reactor explosion at Sigachi Industries' plant in Pashamylaram killed 42 workers, causing nationwide outrage.
- Despite passing a safety inspection in December 2024, Telangana's Pashamylaram industrial zone experienced its tenth major explosion in 30 months, highlighting systemic negligence in chemical handling and safety enforcement.
- Data confirms 34 injured, 25 bodies unidentifiable, and the factory building collapsed under the blast's impact.
- Following the blast, Sigachi Industries halted operations for 90 days, shares fell sharply, and a nationwide strike is planned for July 9.
- Beyond immediate rescue, the Sigachi explosion sparks nationwide protests demanding rollback of the new Labour Codes and stricter safety standards, highlighting systemic regulatory failures.
28 Articles
28 Articles
Sigachi Industries shares tumble nearly 8 pc; fall for 3rd day
Sigachi Industries shares tumble nearly 8 pc; fall for 3rd day Shares of pharmaceutical firm Sigachi Industries Ltd tanked nearly 8 per cent on Wednesday, falling for the third trading session in a row, after a recent explosion and fire incident at its Telangana plant killed several people.The stock dropped 7.34 per cent to settle at Rs 42.69 apiece on the BSE. During the day, it tumbled 10.98 per cent to Rs 41.01.On the NSE, it tanked 7.57 per …
Company Executives Missing As Revanth Reddy Visits Telangana Factory Blast Site
A day after 36 people were killed in a massive explosion in a pharmaceutical unit of Sigachi Industries at Pashamylaram near Hyderabad, Telangana Chief Minister Revanth Reddy arrived at the accident site with his team of ministers and officials.
Telangana CM Revanth Reddy visits explosion site, announces compensation, vows action against responsible parties, and supports victims' families.
Telangana chemical blast: Newlywed couple missing, kin await DNA results
Hyderabad: Distraught relatives of Nikhil Reddy and Sriramya, who recently got married, fear the worst as they wait in bated breath for the couple’s DNA test results following the deadly chemical explosion at Sangareddy’s Sigachi Industries’ pharma plant. The couple were employees and were on the site at the time of the powerful explosion that has so far claimed 45 lives. Hailing from Kadapa district in Andhra Pradesh, Nikhil and Sriramya entere…
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