Neogen Chemistry cut FY25, FY26 Revenue Guidance after Dahej Plant Fire

Neogen Chemistry cut FY25, FY26 Revenue Guidance after Dahej Plant Fire


The company said, “Further, fortunately there were no casualties and injuries for life. It was possible due to our security team’s hard work done with local dangerous management facility and other neighboring plants, who supported us, for which we are very grateful,” the company said.

Reconstruction of affected features may take about nine to 12 months to restore the plant and restore operations, for which the planning work has already started, it has been added.

The loss of assets and commercial obstruction both are adequately covered by insurance, and the surveyor has begun the assessment of the situation, according to the filing.

The Industrial Safety and Health Department has issued a stay order on operations in MPP -3, warehouses and tank farms, which were affected in the fire through correspondence received on March 6, 2025.

The importance and Vadodara facilities of negane chemicals are mainly producing organic chemical products. The Dahej SEZ feature was established in February 2020 for inorganic chemicals and later in September 2021, the capacity was added to carry forward the production of organic chemicals.

In the interim, the company will transfer the production of important selection on other sites based on approval from customers. “This will help reduce the impact on further earnings to reduce business disruption, combined with employed expansion at the Patcheru plant. The company has informed all concerned authorities according to the filing.

(Tagstotransite) Negen Chemicals Limited (T) Business