India: At least 10 killed in fire after reactor explodes at Telangana chemical plant
The pharmaceutical company's shares fell more than 13 per cent to their lowest in a month and were on course to post their steepest fall since mid-March 2024.
Reuters could not immediately confirm the report. Sigachi Industries did not respond to requests for comment.
The incident occurred at the Sigachi Chemical Industry unit in Telangana, Business Standard reported, adding that 11 fire tenders were rushed to the spot and were engaged in firefighting operations.
Sigachi services various industries, including pharmaceutical, food, cosmetic, and chemical.
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