![]() Financial Daily from THE HINDU group of publications Saturday, Nov 05, 2005 |
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Corporate
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Accidents Two die in fire at Orchid factory Our Bureau
Chennai , Nov. 4 TWO people died and three more sustained injuries at an "incident of fire" on Thursday at the Alathur factory of Orchid Chemicals & Pharmaceuticals, the company has informed the stock exchanges. "The company does not anticipate any material adverse impact on its operations or finances arising from this incident," the company has said in the communication. The fire that broke out at around 8.30 p.m. on November 3 was brought under control quickly using the company's fire-fighting equipment and the onsite emergency management team. The rest of the facility is functioning normally. The affected solvent recovery facility, commissioned around a year ago, is fully computerised and has modern operational and safety management systems. The company together with local Government agencies, has initiated an investigation to find out the cause of the accident.
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