Sigachi Industries offers compensation to families of explosion victims in Telangana

Sigachi Industries has reported a tragic explosion in Pashamylaram, located in the Sangareddy district. This unfortunate event led to the death of 40 people and injured 33 others.

Following this disaster, the company will compensate each victim’s family with Rs 1 crore. Additionally, those injured will receive full medical care and further assistance.

Vivek Kumar, the Company Secretary, communicated on behalf of Sigachi. He informed the stock markets and clarified that the explosion was not caused by a reactor failure.