Explosion at a pharmaceutical plant in India kills 8 people

At least eight people died and over 26 were injured in an explosion at a Sigachi Industries pharmaceutical company facility, which led to a fire, in the state of Telangana, India, on Monday, police said, writes UNN with reference to Reuters.

DetailsFour people are in “extremely critical condition,” while 10 are still trapped inside the plant, Hyderabad region Inspector General V. Satyanarayana told Reuters.

“It seems that an explosion in and around the reactor unit led to the fire,” Satyanarayana said, adding that “there is still fire and flames near the reactor area, where the accident seems to have started.”

Sigachi Industries did not respond to requests for comment.

Local media, citing the PTI news agency, reported earlier the same day that at least 10 people had died in the explosion.

Shares of the pharmaceutical company fell more than 13% to a monthly low and were on track for their worst day since mid-March 2024.

For referenceSigachi serves various industries, including pharmaceutical, food, cosmetic, and chemical.