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Updated: July 07, 2025 14:52
Platinum Industries Ltd has reported a fire incident at its Platinum Polymers and Additives facility in Palghar, Maharashtra. The blaze, which broke out on July 6, 2025, was swiftly brought under control with no casualties reported. While operations have been temporarily suspended, the company confirmed that all affected assets are fully insured and an insurance survey is expected shortly.
Key Developments and Safety Response:
The fire occurred at the company’s specialty chemicals unit in Palghar, which manufactures PVC stabilizers, lubricants, and additives used in pipes, cables, and packaging materials.
Emergency protocols were activated immediately, and local fire services successfully contained the blaze, preventing it from spreading to adjacent units.
No injuries or loss of life were reported, as the incident occurred during a non-operational shift.
Operational and Financial Implications:
The company has temporarily shut down operations at the affected unit to assess damage and initiate repairs.
An insurance surveyor is expected to visit the site within the next few days to evaluate the extent of the damage and initiate claims processing.
Platinum Industries emphasized that the incident will not materially impact its overall production capacity, as other facilities remain operational.
Strategic Outlook:
The company reiterated its commitment to safety and business continuity, stating that it is reviewing fire safety protocols across all sites.
With a strong order book and diversified manufacturing footprint, Platinum Industries aims to resume full operations at Palghar in the shortest possible timeframe.
Sources: Economic Times, Financial Express, The Blunt Times, Platinum Industries Regulatory Filings, IndiaMART Palghar Unit Profile
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