Temporary halt of Ahmedabad plant ops due to Gujarat floods
PPLPHARMA · price
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Piramal Pharma temporarily suspended operations at its Ahmedabad manufacturing facilities in PHARMEZ due to heavy rainfall and flooding in Gujarat. All employees are safe. Assets are covered by insurance. These facilities contribute less than 3 percent of consolidated revenues. Operations expected to normalize over the next few days as weather improves. Impact on assets and operations is being assessed.
Minimal near term impact as affected unit is under 3 percent of revenues. Insurance covers assets. Watch for further updates on financial implications.