One dead, one injured in fire accident in Shasun’s API facility (India)

One worker died in a fire that broke out at India’s Shashun Pharmaceuticals’ new production block during trial & commissioning in Cuddalore API facility on November 16, 2015.

Shasun informed the Indian National Stock Exchange on Tuesday about the accident and said that one more injured employee has been admitted in the hospital for treatment.

The company said it had informed the government authorities about the accident and it was investigating the root cause of the accident.

Regarding its business, the company that manufactures and sells active pharmaceutical ingredients (APIs), intermediates, and formulations to the pharmaceutical industry primarily in India, added that the damage on account of fire was being assessed for which the company has adequate insurance cover.

However there will not be any significant loss of revenue or production due to the above accident, Shasun concluded.