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Aarti Drugs falls 6% as Tarapur unit impacted by explosion

The stock dipped 6% to Rs 528 on the BSE in otherwise firm market.

drugs, medicines, USFDA

Shares of Aarti Drugs has dipped 6% to Rs 528 on the BSE in otherwise firm market after the pharmaceuticals company said that its unit in Maharashtra Industrial Development Corporation (MIDC) Tarapur has got affected by a massive explosion at the adjoining unit of Novaphene Specialties Private limited. The aforesaid unit has contributed 16% of total revenue from operations of the Company for the period ended 31st December, 2017. “One of the units of Aarti Drugs has been adversely affected due to massive explosion in adjoining Unit E - 107 of Novaphene Specialties Private ...