Tue Jul 01 08:30:00 UTC 2025: **Summary:**

A massive explosion at Sigachi Industries’ Telangana plant, producing Microcrystalline Cellulose (MCC), has resulted in over 34 deaths and numerous injuries. The company has temporarily halted operations at the affected plant for 90 days to assess and repair damages. This plant contributes a significant portion of their total MCC production. While the plant is insured, the incident has negatively impacted the company’s stock, which has fallen nearly 18% in two days. Government officials are investigating, and rescue operations are ongoing.

**News Article:**

**Telangana Pharma Plant Blast Kills Over 34, Sigachi Industries Stock Plummets**

**Hyderabad, India** – A devastating explosion at a Sigachi Industries pharmaceutical factory in Telangana’s Pashamylaram on June 30th has claimed the lives of over 34 people and left many injured. The incident has led to a temporary shutdown of the affected plant and a significant drop in the company’s stock value.

The explosion, which occurred in one of the chemical reactors at the plant, caused widespread damage to the facility’s infrastructure. Sigachi Industries, in an exchange filing, expressed deep sorrow for the loss of life and stated that the well-being of their personnel is their top priority.

Operations at the plant, which contributes approximately 6,000 MTPA of Microcrystalline Cellulose (MCC) to the company’s total operating capacity of 21,700 MTPA, have been suspended for an estimated 90 days to facilitate repairs and restoration. While the core manufacturing infrastructure has suffered damage, the company’s other two facilities in Gujarat continue to operate normally.

The incident has sent shockwaves through the market, with Sigachi Industries’ shares plummeting nearly 18% in the two days following the explosion. As of this morning, the shares were trading at Rs 45.42 apiece.

The company has confirmed that the affected facility is fully insured and is initiating the necessary claims. “We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational excellence,” Sigachi Industries stated in its release.

Telangana Chief Minister A Revanth Reddy is expected to visit the accident site. Rescue operations are still underway, with authorities working to clear debris.

**Disclaimer:** This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.

Read More