T'gana pharma plant explosion: Sigachi Industries says it lost 40 team members, announces ex-gratia
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Hyderabad (PTI): Sigachi Industries Ltd on Wednesday said it lost 40 of its team members in the recent explosion and fire at its Pashamylaram plant. The company also announced an ex-gratia of Rs 1 crore each to the kin of the deceased in the deadly incident.
According to the government figures, the toll remained at 36 as of Wednesday morning.
"It is with anguish that we share details of the accident that occurred at the Sigachi Industries facility in Pashamylaram, Telangana, resulting in the loss of 40 valued team members and one that left over 33 injured," the company said in a statement.
Chief Minister A Revanth Reddy on Tuesday said the state government will engage with the management of the firm to ensure that a compensation of Rs 1 crore is paid to each kin of those who died in the horrific accident.
The CM also said those who are seriously injured will receive Rs 10 lakh, while those who are injured but can resume work after some recovery will be provided Rs 5 lakh.
The company further said since the time of the accident, the firm have been coordinating the emergency response, family support, and extending cooperation with the investigation and compliance efforts.
"Sigachi Industries Ltd has committed to an ex-gratia compensation of Rs 1 crore (each) to the families of the deceased, while those injured will receive full medical and rehabilitation support," it said.
Sigahci also clarified that the accident was not caused by a reactor explosion at the plant as mentioned in sections of the media.
The company said it will continue to send updates as it receives information from the investigations while the plant operations will remain temporarily suspended for approximately 90 days.
The Sangareddy police, based on a complaint by a family member of one of the victims, on Monday registered an FIR against the factory management in connection with the explosion under Sections 105 (culpable homicide not amounting to murder), 110 (attempting to commit culpable homicide), and 117 (Voluntarily causing grievous hurt) of BNS.
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US warns shipping firms they could face sanctions over paying Iranian tolls in Strait of Hormuz
Dubai (AP): The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz.
The alert posted Friday by the US Office of Foreign Assets Control adds another layer of pressure in the standoff between the US and Iran over control of the Strait of Hormuz.
About a fifth of the world's trade in oil and natural gas typically passes through the strait at the mouth of the Persian Gulf in peacetime.
Iran effectively closed the strait to normal traffic by attacking and threatening to attack ships after the US and Israel launched a war on Feb. 28. It later began offering some ships safe passage by detouring them through alternate routes closer to its shoreline, charging fees at times for the service.
That "tollbooth” effort is the focus of the US sanctions warning.
The payment demands could include transfers not only in cash but also “digital assets, offsets, informal swaps, or other in-kind payments,” including chartibale donations and payments at Iranian embassies, OFAC said.
“OFAC is issuing this alert to warn US and non-US persons about the sanctions risks of making these payments to, or soliciting guarantees from, the Iranian regime for safe passage. These risks exist regardless of payment method,” it said.
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The US responded to Iran's closure of the strait with a naval blockade of its own on April 13, preventing any Iranian tankers from leaving and depriving Iran of oil revenue it needs to shore up its ailing economy.
The US Central Command said 45 commercial ships have been told to turn around since the blockade began.
Trump rejects Iranian proposal
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The warning came as US President Donald Trump swiftly rejected Iran's latest proposal to end the war between the countries.
“They want to make a deal, I'm not satisfied with it, so we'll see what happens,” Trump said Friday at the White House. He didn't elaborate on what he saw as its shortcomings but expressed frustration with the Iranian leadership.
“It's a very disjointed leadership,” Trump said. “They all want to make a deal, but they're all messed up.”
Iran's state-run IRNA news agency reported Iran handed over its plan to mediators in Pakistan on Thursday night.
The shaky three-week ceasefire between the US and Iran appears to be holding, though both countries have traded accusations of violations. The standoff is increasingly putting pressure on the global economy, driving up prices and leading to shortages of fuel and other products tied to the oil industry.
Negotiations continued by phone after Trump called off his envoys' trip to Pakistan last week, the president said. Trump this week floated a new plan to reopen the critical passageway used by America's Gulf allies to export their oil and gas.
Iranian Foreign Minister Abbas Araghchi has briefed many of his regional counterparts on the country's initiatives to end the ear, according to his social media. He also held talks Friday with European Union foreign policy chief Kaja Kallas, who is in contact with the EU's Gulf partners.
China's UN envoy urges Iran to lift restrictions
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Fu Cong, the Chinese ambassdor to the United Nations, said Friday that maintaining the ceasefire is “the most urgent issue" as well as bringing together the sides to resume good faith negotiations “to make sure that the ground is laid for reopening of Hormuz.”
Foreign Minister Wang Yi “has been on the phone almost constantly” with representatives from all sides, Fu said, adding that China supports Pakistan's efforts to mediate between the parties.
Fu stressed the root cause of the tremendous suffering in Iran and neighboring countries and the growing turmoil in the global economy, especially in developing countries, “is the illegitimate war by the US and Israel.
