Fire at PG Technoplast Pvt Ltd's Unit-2

Fire broke out on January 20, 2022 at around 06.30 P.M. during installation process of Room AC Indoor Unit (IDU) Assembly Line at PG Technoplast Private Limited (Wholly Owned Subsidiary) Unit-II plant under construction at A-18, MIDC Supa, Taluka-Parner, Dist. Ahmednagar, Maharashtra - 414301.

The fire was extinguished with help of fire department and was prevented from spreading to other areas of the plant. We are currently assessing the quantum of damages to the plant and property.

There is no loss or injury to human life. No major damage caused to the manufacturing facility therein and this incident is expected to delay in commissioning of the new facility by a week to 10 days.

As per the preliminary assessment, this unfortunate incident does not have any material bearing on the overall operations/performance of PG Technoplast Private Limited. However, the company is in the process of appraising the actual impact.

Shares of PG Electroplast Limited was last trading in BSE at Rs. 802.80 as compared to the previous close of Rs. 804.45. The total number of shares traded during the day was 54759 in over 6312 trades.

The stock hit an intraday high of Rs. 809.45 and intraday low of 796.90. The net turnover during the day was Rs. 44024375.00.

Source : Equity Bulls

Keywords

PGElectroplast INE457L01011 PGEL Fire PGTechnoplast