Financial Daily from THE HINDU group of publications
Thursday, Nov 27, 2003
Financial Daily from THE HINDU group of publications Thursday, Nov 27, 2003 |
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Corporate
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Accidents IDL to pay Rs 15 lakh to blast victims' kin Our Bureau
Lucky to be alive: Yadagiri, a survivor of Tuesday's blast at IDL Industries, at a hospital in Hyderabad on Wednesday. — A. Roy Chowdhury
Hyderabad , Nov. 26 IDL, a division of Gulf Oil Corporation Ltd (GOCL), has announced a compensation of Rs 15 lakh as ex gratia payment to the next of kin of each of the employees who died in a major blast at the Hyderabad factory on Tuesday. The company also said that it would pay Rs 2 lakh to those injured, in addition to meeting the full cost of treatment. In the case of deceased employees, IDL has announced its intention to provide employment to the next of the kin as a special case. At least seven employees working in the detonating cord section died instantaneously in a powerful explosion that brought down an entire building structure around 3.30 p.m. yesterday. Another eight employees who were working in the shift duty suffered various degrees of injuries. The plant has been manufacturing explosives and detonators for the last 40 years and this is the first accident of this kind. Most of the employees working in the section were skilled and trained in handling explosive and accessories, the company said in a release. Stating that the cause for the accident was being investigated, GOCL said that it was following stringent safety practises and conducted regular safety drills. Meanwhile, the injured employees are being treated at the Nizam's Institute of Medical Sciences (NIMS) and Remedy Hospitals. The Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has instructed the Collector of Ranga Reddy district, where the Kukatpally plant falls, to immediately work out a compensation package in consultation with the IDL management. He instructed the factory management to take utmost care to prevent any such incidents in future.
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