Solar Industries slides 11% after explosion at Nagpur plant kills 9
Shares of Solar Industries India tumbled 10.5 per cent to Rs 6,155 apiece on the BSE in Monday’s intraday trade after an explosion incident claimed nine lives at the company’s Nagpur plant.
At 10:35 AM, however, the shares had trimmed most of the losses and were trading 1.6 per cent lower at Rs 6,766 per share as against 0.02 per cent rise in the benchmark S&P BSE Sensex.
“This is to inform you that an explosion incident has occurred on December 17, 2023, at around 9:00 AM. in one of our processes Building No. HRCPCH-2 (Pallet Casting House). The incident has resulted in loss of lives of nine workmen working in the plant,” Solar said in an exchange filing.
