Alkyl Amines Chemicals Ltd. saw its shares drop to a new 52-week low of Rs 1,800.60 following a tragic accident at its Derivatives Plant in Kurkumbh, Pune. On December 28, 2024, a residue tank rupture resulted in severe burn injuries to an officer, who tragically passed away the next day.

In the exchange filing, the company shared that the incident may temporarily disrupt operations at the affected plant. The company is assessing the damage and working to resume normal operations swiftly. The plant’s assets are adequately insured, and Alkyl Amines is in the process of filing an insurance claim to cover the losses.

As of 11:05 a.m., Alkyl Amines Chemicals shares were trading 1.81% lower at Rs 1,800.80 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

TOPICS: Alkyl Amines Chemicals