Telangana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons
Ltd's
Pashamylaram unit
in Telangana in which 12 people died due to a blast on Monday will pause production for 90 days and the plant was fully insured, the company announced.
Besides the 12 deaths, several people were injured and the company expressed anguish over the incident.
The company said it deeply mourns the loss of life and extends heartfelt condolences to the families of the deceased. It also said the firm is extending all possible support to those affected.
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While the core manufacturing infrastructure has suffered damage, the operations at the plant will be temporarily paused for an estimated period of 90 days to facilitate replacement and restoration of affected equipment and structures, Sigachi said in a regulatory filing.
"The Hyderabad facility is fully insured, and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational excellence," it said.
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While the exact number of injuries is currently being confirmed, the well-being of its employees remains the foremost priority, it said.
In addition to the human impact, the incident also caused damage to certain ancillary equipment and civil structures within the facility, it said.
The pharmaceutical company in an exchange filing said, "... on June 30, 2025, at approximately 9:20 AM (IST), a fire incident occurred in the vicinity of our Hyderabad Plant located at Pashamylaram, Phase-1..."
"The incident has unfortunately resulted in loss of human life, and there may have been individuals who sustained injuries. While the exact number of injuries is currently being confirmed, the well-being of our personnel remains our foremost priority."
A thorough on-ground assessment of the situation is currently in progress, and the company is coordinating with relevant authorities to ensure all safety and support protocols are followed, it added.
The company operates three manufacturing facilities for
Microcrystalline Cellulose
(MCC), one of which is the Hyderabad unit where the incident occurred.
The unit contributes around 6,000 MTPA out of the total operating capacity of 21,700 MTPA, with the balance production coming from our other two facilities located in Gujarat, it added.
The other two plants continue to operate normally, and efforts are being made to optimise production from those units during the interim period, the company said.
Shares of the pharma company, which is one of the major Microcrystalline Cellulose manufacturers globally, ended 11.58 per cent down at Rs 48.79 apiece on BSE.
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