Companies

Explosion at SRF Ltd's Dahej facility; one killed

Our Bureau Ahmedabad | Updated on August 03, 2021

Representative image   -  istock.com/SergBob

Injured rushed to hospital; plant operations resume

An explosion inside the manufacturing facility of chemicals player SRF Limited at Dahej in Bharuch district claimed one life of a worker and injured two others.

The company confirmed the accident and stated that an incident occurred in the P2 plant at our Dahej Chemical Complex in Gujarat. "This resulted in the unfortunate fatality of one person, and two others were injured," it said in a regulatory filing on Tuesday.

A blast was reported inside the SRF Ltd's facility in Dahej industrial area, informed Bharuch District Superintendent of Police, Rajendrasinh Chudasama. The injured were rushed to a hospital in Bharuch.

Also read: SRF aims to double industrial chemicals manufacturing capacity

The company further informed, "the incident did not result in any fire or hazardous emissions and has not had any impact on other plants at the site."

The plant operations, which were affected immediately after the incident, had resumed on Tuesday morning.

"We are in the process of ascertaining the root cause of the incident. The damaged equipment is covered under insurance," the company stated.

In 2017, SRF had set up the facility for manufacturing HFC-125 at its Chemical complex in Dahej, Gujarat. It manufactures F 134a - chemical agent, F 32, F 125, and HFC Blends at the Dahej facility.

SRF Limited had reported consolidated revenues of Rs 2699 crore for the first quarter ended June 30, 2021, up 75% from ₹1,545 crore in the corresponding quarter a year ago. Consolidated Earnings before Interest and Tax (EBIT) increased 102 per cent to ₹595 crore for the quarter from ₹295 crore in the corresponding quarter a year ago. The consolidated net Profit after Tax for the quarter at ₹395 crore, up 123 per cent from ₹177 crore in the same period last year.

Company shares hit an intra-day low of ₹8,760 after the news of the incident but recovered in the positive territory to trade at ₹9,040.70 on BSE before the close of market hours Tuesday.

 

 

Published on August 03, 2021

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