Lasa Supergenerics Revamps Fire-Hit Facility, Reaffirms Commitment to Recovery and Compliance

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Lasa Supergenerics Ltd (NSE: LASA.NS) released a formal statement about the recent fire accident that hit one of its production plants, confirming that the company is going ahead with the overhauling of the damaged facility in good earnest. The move indicates Lasa's commitment to return to operations within a limited time frame while maintaining safety compliance and regulations.

1. Incident Overview and Response

The fire incident that occurred earlier this month impacted part of Lasa's veterinary API manufacturing unit in Mahad, Maharashtra.
The company has initiated a full-scale restoration program that covers equipment replacement, structural activities, and process safety audits.
No one died in the incident, and the company ensured stakeholders that insurance coverage is in place to prevent monetary losses.

2. Operational Continuity and Strategic Outlook

Lasa confirmed the rest of the production plants are all operating at full capacity, with minimal impact to supply commitments.
The company is also weighing reallocation of capacity and outsourcing options to maintain delivery timetables.
Management reiterated that the accident would not derail its long-term growth strategy, which includes expanding its veterinary and human healthcare API portfolio.

3. Company Snapshot

Established in 2016, Lasa Supergenerics is a vertically integrated API producer serving catalyst chemistry and animal health .
Operating across the discovery-to-delivery value chain, with high visibility in Indian markets and export to international markets.

Sources: Lasa Supergenerics – Official Website, Economic Times, Screener