Shares of Neogen Chemicals Ltd fell 3% on March 5, 2025, after the company reported a fire incident at its Dahej SEZ plant around 12:30 AM IST. The cause of the fire is still under investigation.
Due to the swift response of the supervisory staff, the fire was contained, preventing damage to nearby facilities. Importantly, no casualties or injuries were reported.
The Dahej SEZ plant is one of Neogen Chemicals’ four manufacturing units and specializes in organic chemical production. Notably, the adjacent Neogen Ionics Limited plant was not affected by the incident.
Following the fire, operations at the affected unit have been temporarily suspended. The company has informed its insurance provider, and a detailed damage assessment is expected soon.
Despite the temporary disruption, Neogen Chemicals remains a key player in the specialty chemical sector, with strong long-term growth potential.
Neogen Chemicals’ stock opened at ₹1,670.00, reaching a high of ₹1,675.40 and a low of ₹1,644.30. The stock remains significantly below its 52-week high of ₹2,420.00 but well above the 52-week low of ₹1,176.00.
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