Shares of Aurobindo Pharma fell over 3% on April 29 after the company reported fire incident at its coal crusher area in Kakinada-based Penicillin-G Manufacturing Facility in Andhra Pradesh.
Incident led to damage to certain ancillary equipment and no injuries were reported, said the company.
Operations at plant will be temporarily paused for an estimated period of 20 to 25 days for equipment replacements, it said in a stock exchange filing.
"On April 27, 2025, at approximately 10:00 PM (IST), a fire incident occurred in the vicinity of the coal crusher area at our Penicillin-G manufacturing facility located in Kakinada SEZ, Thondangi (M), Kakinada District - 533449, Andhra Pradesh, India. The incident resulted in damage to certain ancillary equipment, with no impact to the core manufacturing infrastructure. Importantly, there were no injuries reported. The incident is not expected to have material impact on the operations or financials of the group. A thorough assessment of the damage is currently underway. We would like to reassure all stakeholders that the facility is fully insured," said the company in a regulatory filing.
At 10 am on April 29, Aurobindo Pharma shares on BSE were trading 3% lower at Rs 1,211 apiece. The 52-week low of the stock is Rs 1,010 and 52-week high is Rs 1,592. The market capitalisation of the stock is Rs 70,400 crore.
"The fire incident took place due to the self-ignition of coal. We are in the process of ascertaining the exact reasons for the same," said the company.
The incident is not expected to have material impact on the operations or financials of the group.
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