Praj Industries has reported a fire incident at its R&D center, Praj Matrix, in Pune, which occurred on the evening of March 28. Fortunately, there were no casualties or significant damage to the facility.

The company is conducting a root cause analysis to enhance preventive measures and ensure safety remains a priority.

Importantly, current operations are unaffected by this incident.

This update reflects Praj's commitment to safety and operational continuity, which may support a positive outlook among investors as potential risks have been effectively mitigated.