Lasa Supergenerics Ltd to recommence production in couple of Weeks, no casualty reported

Lasa Supergenerics Limited (BSE: 540702, NSE: LASA), pioneer and amongst the leading playersin the manufacturing of Veterinary APIs in India through its catalyst chemistry expertise and fully backward integrated unit, has faced with some untoward incidences in the form of a unfortunate fire at its unit in Mahad and also natural calamity in the form of floods at its Chiplun Units.

No casualty reported in any of the units.

Commenting on the recent development, Dr. Omkar Herlekar, Chairman & Managing Director, Lasa Supergenerics Limited said: "This is a very challenging phase for us. Since we are in an industry that deals with highly inflammable chemicals and processes, we ensure to follow every possible guideline and take every necessary & cautionary step to keep ourselves and our plants safe. The safety of our staff and of our assets is our primary concern every day. I feel very relieved that every life has been protected in both incidents - the fire and flood at our plants. Since we are full of order book we cannot afford to lose even a single customer or order hence by hook or crook we shall be back stronger at the earliest. I assure stakeholders that we will take every necessary step to come back stronger and also urge not to panic as things are under control and we are confident to recommence immediately.

Good times and bad times both are part of our lives, at this time we are looking forward to recommence all our operations within couple of weeks even with more enthusiasm, our management leave no stone unturned to achieve earliest commencement by striving hard day in out since the day of this unfortunate incidents. We will take all necessary steps to reduce any prospective damage from this natural calamity.

At this juncture I would like to thank our management team, our suppliers who came forward to support in this testing times so that we can restart our operations at the earliest.

I sincerely thank the entire team of 'LASA' for their untiring efforts, hard work, sincerity and high dedication. Also, I would like to thank our valued Shareholders, whose support and faith in our Company has given us the determination and ambition to go from strength to strength."

Shares of Lasa Supergenerics Ltd was last trading in BSE at Rs. 71.55 as compared to the previous close of Rs. 81.4. The total number of shares traded during the day was 182944 in over 3602 trades.

The stock hit an intraday high of Rs. 83 and intraday low of 70.35. The net turnover during the day was Rs. 13764349.

Source : Equity Bulls

Keywords