You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

UPL slips after fire breaks out at Gujarat unit

Capital Market 

UPL fell 1.73% to Rs 530.5 after a serious fire broke out at the company's Jhagadia unit in Gujarat.

A fire broke out in a plant in shutdown condition in the early hours of Tuesday morning at the company's Jhagadia unit in Gujarat.

"Our emergency response team and local fire brigade have already brought the fire under control. 21 people received treatment at the local hospital and 13 are already discharged with minor treatment. There is no fatality reported," the company said in a statement on Tuesday.

UPL is a global provider of sustainable agriculture products & solutions. On a consolidated basis, UPL reported a 13.3% jump in net profit to Rs 794 crore on 2.6% rise in net sales to Rs 9,126 crore in Q3 FY21 over Q3 FY20.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 23 2021. 10:03 IST