Gujarat Fluorochemicals Limited — Important, 29-12-2024: Disruption of Operations

Gujarat Fluorochemicals Ltd. has reported a tragic incident at its CMS-1 plant in Dahej, Gujarat, resulting in the loss of four lives, including one employee and three contractual workers. The company expressed deep condolences and has committed to providing support to the affected families, which includes an ex-gratia payment of ₹30 lakhs per family, settlement of statutory dues, and educational sponsorship for the deceased employee's child. The incident occurred on December 28, 2024, and was quickly contained, but the health complications led to fatalities. GFL is conducting a thorough investigation to identify the root cause and is dedicated to ensuring the safety of its operations. The company is working closely with local authorities to implement corrective measures aimed at preventing such incidents in the future. Stakeholders should be aware of potential reputational impacts and operational adjustments during this period.