Flash floods in Teesta River: Alembic Pharma Sikkim plant manufacturing operations disrupted
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New Delhi: Alembic Pharmaceuticals has said flash floods in the Teesta River has led to disruption in operations at its Sikkim-based manufacturing plant.
"We would like to inform that due to flash floods in river Teesta because of cloud burst, water entered our manufacturing facility at Namthang, South Sikkim, and hence manufacturing operations stand disrupted with effect from October 4," the drug firm said in a regulatory filing.
There is no loss or harm caused to any personnel, it said, adding that the assessment of loss will take a while.
All assets of the company are adequately insured and necessary intimations have been given to insurance companies, it added.
A sudden cloud burst over Lhonak Lake in North Sikkim has resulted in flash floods in the Teesta in Lachen valley, which was compounded by the release of water from a dam.
Read also: 6 medicines of Alembic Pharma received USFDA nod during Q2FY24
Headquartered in Vadodara, Gujarat, Alembic Pharmaceuticals Limited is involved in manufacturing and marketing India Formulations, International Generics, and Active Pharmaceutical Ingredients with vertical integration capabilities. The company was founded in 1907. Alembic's state of the art research and manufacturing facilities are approved by regulatory authorities of many developed countries including the USFDA.
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