Hyderabad, July 2 (UNI) The death toll from the tragic fire accident at a pharmaceutical unit at Pashamylaram Industrial area in the Sangareddy district of Telangana rose to 40 today.

Sigachi Industries, in its letter to the National Stock Exchange of India Limited, today said, “It is with anguish that we share details of the accident that occurred at the Sigachi Industries facility in Pashamylaram, resulting in the loss of 40 valued team members and left over 33 injured.

The Plant operations will remain temporarily suspended for around 90 days, it said.

As we await the results of the investigation, we would like to clarify that the accident was 'not caused by a reactor explosion’ at the plant, as mentioned in sections of the media, the company said in its letter to the National Stock Exchange of India Limited.

The company stated that it will continue to send updates as and when it receives information regarding the investigation.

Since the time of the tragic accident, we have been coordinating the emergency response, family support, and extending cooperation with the investigation and compliance efforts, the company said.

The company also announced an ex-gratia compensation of Rs 1 Crore to the families of the deceased, while those injured will receive full medical and rehabilitation support.

The company said it will continue to share updates and developments that are within the boundaries of the investigation.

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