A fire apparently started at around 1:00 AM on 21 May 2025 at the JPFL Films’ plant at Mundhegaon in Nashik district, Maharashtra. What the press has desribed as a massive fire was still raging a day and a half later. Unlike the fire that occurred on 1 January 2023 when three persons were reported to have died, thus far as per a report by NDTV, three employees were injured in the past two days.
The cause of the fire was not yet known, and JPFL Films has stated that the plant is fully insured, and the insurer has been notified. Jindal Poly Films is one of the leading film manufacturers for the flexible packaging industry and the Nashik plant is of substantial size and scale.
Just ten days ago, JPFL announced that it is investing approximately Rs. 700 crore in three new film lines at the Nashik plant. The company said that these lines that would have added another 130,000 tons of capacity were to be installed in the coming two to three years.
In past years, the company has been adding capacity in terms of film manufacturing lines and the group also acquired a manufacturer of pressure sensitive label materials, SMI Coated Products based in Ambernath near Mumbai. In the first half of 2022, the group divested 25% of Jindal Poly Films’ packaging film business to Canadian investor Brookfield for approximately Rs 2,000 crore.
At the time of writing at 1530 on the afternoon of 22nd May, the shares of Jindal Poly Films Ltd had fallen by 7% to Rs 647.90 from the day’s high of 681.20, meaning a slight comeback from the day’s low of Rs 638.05.
Maharashtra: A fire broke out between 1 to 1:30 AM last night at the Jindal company located in Mundegaon on the Mumbai-Nashik Highway. The blaze started behind Gate No. 4 and spread rapidly. Firefighting efforts are still underway and no casualties have been reported so far.… pic.twitter.com/gElXehVEUT
— IANS (@ians_india) May 21, 2025
