Announced Wed, 15 Jul · 17:08 IST
Safety order received after fire accident at Unit-II
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JAINREC · price
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Price reaction · full curve 14 horizons · vs prior close
-5.7%1-day move
₹349.00
prior close
₹341.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+1.2+0.5-0.9-5.7-6.4-5.9-4.0-4.0-3.3————
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AI summary
Jain Resource Recycling received an order from the Joint Director of Industrial Safety and Health, Chennai under Section 40(2) of the Factories Act, 1948, after a fire accident at its Unit-II at SIPCOT Industrial Complex, Gummidipoondi on July 14, 2026. The order requires enhanced safety protocols, infrastructure repair, and certifications before restarting operations. Unit-II is temporarily shut and financial impact is not yet known.
Likely market impact
Unit-II operations paused after fire; financial hit not yet clear. Watch for shutdown costs and timeline to restart.