Fire incident at S H Kelkar and Company Limited's Vashivali facility

A major fire incident occurred at S H Kelkar and Company Limited's Vashivali facility, located in Maharashtra, India, on the evening of 23 April, 2024. Fortunately, there was no loss of human life, and the safety of all personnel was ensured. Company has in place various safety measures implemented, which helped prevent injuries.

We are currently assessing the extent of equipment and business loss resulting from this incident and will provide further updates to stakeholders as more information becomes available. Company has taken adequate insurance cover against the loss/damage caused by such incidents and will file its claim in due process. We are taking all necessary steps to address the situation and aim to resume normal operations at the plant as soon as possible.

Shares of S H Kelkar and Company Limited was last trading in BSE at Rs. 223.65 as compared to the previous close of Rs. 210.85. The total number of shares traded during the day was 275829 in over 6395 trades.

The stock hit an intraday high of Rs. 231.70 and intraday low of 209.20. The net turnover during the day was Rs. 62067593.00.

Source : Equity Bulls

Keywords

SHKelkarandCompany INE500L01026 MajorFireIncident VashivaliFacility