Gujarat Fluorochem shares down 4% after 'incident' led to four deaths, temporarily disrupts Dahej plant

Shares of Gujarat Fluorochemicals are lowering on December 30, after the company reported an incident of leak at the Dahej plant on December 28 which resulted in four deaths, involving one employee and three contractual workers.

The mishap took place at the CMS-1 plant in Dahej, Gujarat, and was immediately isolated but the operations have been temporarily disrupted, said the company.

"The incident happened on 28th December 2024, around 8 pm, which was immediately detected and contained by the team. However, individuals in the windward direction experienced adverse health effects who were promptly given due primary treatment at our onsite Occupational Health Center (OHC) and were referred to Bharuch Hospital for advanced medical care for advance treatment. Unfortunately, despite all our efforts, the four individuals succumbed to the complications," the statement on December 29 said.

The management said it has taken immediate steps to support the bereaved families with an ex-gratia amount of Rs 30 lakhs, along with full settlement of statutory dues, insurance benefits, and pending salaries. Gujarat Fluorochemicals said it is also offering employment to deceased employee's ward and sponsoring education.