Sigachi MENA FZCO signs MoU with Czech Republic-based Respilon
Sigachi and Respilon will collaborate to develop, manufacture, and commercialize drug delivery solutions based on Respilon's proprietary NUENEX nanofiber technology. The collaboration includes developing commercialization strategies for relevant APIs and formulations, leveraging nanofiber encapsulation technology.
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The Hindu
25-07-2025
- The Hindu
Sigachi pegs revenue loss after fire at Hyderabad unit to be ₹60 crore, posts net loss of ₹101 crore in Q1
Sigachi Industries said the June 30th fire at its manufacturing unit in Pashamylaram, Hyderabad that left 46 people dead and 25 injured was caused by dust explosion in the spray drying machine and estimated to result in a revenue loss of ₹60 crore. Eight people remain missing after the incident. The report of an expert committee constituted by the government to investigate the incident is awaited. Sources say the committee has submitted the report. The company said operations at the 6,400 TPA facility were temporarily halted, impacting short-term production volumes. Preliminary estimates indicate a revenue impact of ₹60 crore over the affected period. 'Loss of profit during the closure period will be covered by business interruption policy. Sigachi is adequately insured for loss of profits. Insurance claims have been filed,' it said on Friday after the Board meeting on the June quarter financial performance. The company, which operates in the pharmaceutical sector, reported a consolidated loss of almost ₹101 crore for the first quarter as against a consolidated profit of nearly ₹13 crore in the corresponding period of previous fiscal. Total income increased to ₹132.18 crore (₹97.38 crore). Sigachi said a full safety audit has been launched across all its manufacturing sites. Damage assessment and phased restoration are underway at the Hyderabad unit. Production has been reallocated to other units, with operations at Dahej and Jhagadia continuing without disruption. The company has commenced making payments towards financial compensation and medical assistance for those affected by the incident, it said. MD and CEO Amit Raj Sinha said: 'Q1 FY26 has been an emotionally and operationally challenging quarter for us. The tragic incident led to the loss of lives and injuries among our workforce. Our immediate focus was on supporting families... The incident disrupted manufacturing operations, damaged plant infrastructure and inventory, and delayed shipments, impacting revenue and margins. We activated emergency protocols, launched a detailed safety audit, and have initiated phased restoration.'
Time of India
23-07-2025
- Time of India
Explained: The deadly dust that triggered Telangana's Sigachi factory explosion
New Delhi: A major explosion at a pharmaceutical facility in Pashamylaram, Sangareddy district of Telangana, claimed 44 lives, left 17 injured and 8 missing, according to official and news sources. The incident occurred on June 30, 2025, at the Microcrystalline Cellulose (MCC) drying/reactor unit of M/s Sigachi Industries Private Limited. Preliminary findings indicate a dust explosion triggered by a suspected pressure build-up in the spray dryer or air-handling system. Early investigations point to overheating, malfunctioning temperature sensors and alarms, and failures in safety instrumentation and monitoring. A dust explosion is caused by rapid combustion of fine particles suspended in the air in an enclosed environment. The explosion at the Sigachi unit involved MCC – a combustible particulate commonly used in pharmaceutical formulations. 'Overheated spray dryer due to inadequate airflow control and possible air handling system malfunction appears to be the primary trigger,' stated the case study by PNGRB. Other contributing factors include faulty sensors, ineffective alarms, and inadequate maintenance. Dust explosions generally require five conditions: fuel ( combustible dust ), oxidiser (air), dispersion (turbulence), confinement, and an ignition source such as hot surfaces or static electricity. The combination of these factors can lead to a rapid energy release, as demonstrated in this incident. The case study notes that process industries such as refineries, gas processing units and petrochemical plants are equally at risk from dust explosions, especially in catalyst handling units, coke handling systems, and sulphur recovery units. Safety recommendations include installation of dust suppression and extraction systems, explosion-proof electrical equipment, regular dust hazard analysis, proper grounding, and strict housekeeping and inspection protocols. 'The Sigachi Industries incident serves as a stark reminder of the catastrophic potential of dust explosions and the critical importance of robust process safety systems,' the report concludes, urging proactive hazard identification across industrial facilities. The incident has prompted renewed scrutiny of process safety standards across the country's industrial manufacturing sectors.
Time of India
11-07-2025
- Time of India
Will move towards 5-day week: Labour minister G Vivek Venkataswamy
HYDERABAD: Labour minister G Vivek Venkataswamy said it was in the interest of IT workers that a decision was taken to allow for agreater number of working hours in a day. 'We would like to slowly move into a scenario akin to Western countries, where employees can get two weekend offs,' the minister said in a press conference at Gandhi Bhavan. By allowing commercialestablishments to provide for workers to work for 10 hours a day and a total of not more than 48 hours a week, employees have the opportunity to get extended weekends, he said. Answering questions, the minister said the govt will take action against those responsible in the Sigachi blast case in Patancheru industrial area. 'We are awaiting a report. But the labour department, which gave a report in December last year, clearly mentioned to the company what additional measures were needed for safety,' he said. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Vivek said the govt was keen on ensuring that gig workers get minimum wages and better working conditions. He said he has alreadydiscussed the matter with aggregators, and will also talk about it during a CII meeting later this month. The minister said the govt will come up with an Act keeping in mind the welfare of gig workers, also taking a cue from other states including Karnataka. The minister met the public at Gandhi Bhavan in a programme called 'Manthulatho Mukha Mukhi' initiated by TPCC President Mahesh Goud. He said some people from Vikarabad approached him, saying that pattas given to them during the previous Congress govt were cancelled by BRS.
