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Neogen Chemical substances Cuts FY25, FY26 Income Steerage After Dahej Plant Fireplace

by Index Investing News
March 9, 2025
in Financial
Reading Time: 1 min read
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“Additional, fortuitously there have been no casualty and damage to life. This was doable as a result of arduous work carried out by our security crew in co-ordination with native hazard administration facility and different neighboring vegetation who prolonged help to us, which we’re very grateful for,” the corporate stated.

The reconstruction of the impacted amenities might take round 9 to 12 months to reinstate the plant and restart operations, for which planning work has already been initiated, it added.

The lack of belongings and enterprise interruption are each adequately lined by insurance coverage, and the surveyor has commenced an evaluation of the scenario, based on the submitting.

The Division of Industrial Security and Well being has issued a keep order on operations at MPP-3, the warehouse and tank farms, which have been affected in hearth via the correspondence obtained on March 6, 2025.

Neogen Chemical substances’ Mahape and Vadodara amenities have been predominantly manufacturing natural chemical merchandise. The Dahej SEZ facility was established in February 2020 for inorganic chemical substances and in a while the capability was added to additional scale up the manufacturing of Natural Chemical substances in September 2021.

Within the interim, the corporate will shift manufacturing of important choose specialty merchandise to different websites based mostly on approval from prospects. “This, mixed with the deliberate enlargement in Patancheru plant, will assist minimise the influence on earnings going forward to minimise enterprise disruption. The corporate has notified all of the related authorities, as per the submitting.



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Tags: ChemicalscutsDahejfireFY25FY26guidanceNeogenplantRevenue
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