Corporate News     30-Dec-20
Panacea Biotec intimates of minor fire incident at subsidiary's Baddi facility
On 29 December 2020
Panacea Biotec announced that a minor fire incident took place on 29 December 2020 in a technical engineering floor in one of the air handling unit of the soft gelatin manufacturing block in the Pharmaceutical Formulations Facility of the Company's wholly owned subsidiary company Panacea Biotec Pharma (PBPL) at Baddi.

The fire incidence was brought under control with the help of the fire control systems installed in the plant and the fire control department of the State Government of Himachal Pradesh. There is no loss or injury to human life or damages of property due to this incidence except damages to some equipments and stocks which got wet due to water used in dousing the fire. PBPL has adequate insurance coverage for such loss and has informed the insurance company about this incident.

While there is no impact on the operations at this plant, however as a precautionary measure, PBPL has stopped the production in the said Soft Gelatin Manufacturing Block which is likely to resume in a weeks' time after the affected area is restored.

Previous News
  Panacea Biotec standalone net profit declines 96.75% in the December 2023 quarter
 ( Results - Announcements 13-Feb-24   16:29 )
  Panacea Biotec reports standalone net loss of Rs 6.85 crore in the September 2022 quarter
 ( Results - Announcements 15-Nov-22   17:13 )
  Panacea Biotec Ltd leads losers in 'B' group
 ( Hot Pursuit - 23-Aug-23   14:46 )
  Gorani Industries schedules board meeting
 ( Corporate News - 25-Jan-24   10:46 )
  Panacea Biotec announces board meeting date
 ( Corporate News - 04-Feb-22   12:56 )
  Panacea Biotec announces board meeting date
 ( Corporate News - 25-Oct-23   15:32 )
  Panacea Biotec reports consolidated net loss of Rs 12.68 crore in the March 2023 quarter
 ( Results - Announcements 30-May-23   16:44 )
  Panacea Biotec fixes record date for scheme of arrangement
 ( Market Beat - Reports 11-Sep-20   08:20 )
  IIFL Wealth Management Ltd leads gainers in 'A' group
 ( Hot Pursuit - 04-Aug-21   12:00 )
  Panacea Biotec receives manufacturing license for Sputnik V vaccine
 ( Corporate News - 05-Jul-21   09:25 )
  Panacea Biotec subsidiary gets OAI from USFDA for Baddi facility
 ( Hot Pursuit - 08-Sep-22   14:57 )
Other Stories
  Gujarat Natural Resources to convene board meeting
  05-Oct-24   17:43
  Narmada Macplast Drip Irrigation Sys. to convene board meeting
  05-Oct-24   17:43
  Grill Splendour Services to conduct board meeting
  05-Oct-24   17:43
  Consolidated Construction Consortium to hold board meeting
  05-Oct-24   17:43
  Visagar Polytex to announce Quarterly Result
  05-Oct-24   17:42
  GNA Axles to convene board meeting
  05-Oct-24   17:42
  Fidel Softech to conduct board meeting
  05-Oct-24   17:42
  Rita Finance & Leasing announces board meeting date
  05-Oct-24   17:42
  Pelatro to conduct EGM
  05-Oct-24   17:36
  Thinkink Picturez to hold AGM
  05-Oct-24   17:35
Back Top