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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Chhattisgarh boiler blast: Vedanta chief says operations ...
2026-04-27 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Anil Agarwal, founder and chairman of Vedanta Group

Anil Agarwal, founder and chairman of Vedanta Group | Photo Credit: Bloomberg

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Nearly two weeks after Chhattisgarh power plant blast killed 25 people, Vedanta Chairman Anil Agarwal on Monday said the entire responsibility for the operations and maintenance (O&M) of the facility was entrusted with NGSL, a joint venture between power giant NTPC and GE.

"What weighs heavily on my mind is this: at our Athena plant, we had put in place the highest standards of safety. The entire responsibility was entrusted to NGSL, a partnership between NTPC and GE, among the most respected and trusted institutions in India. The contractors, the teams, the technical expertise, all were theirs.

"It was on the strength of this trust that we had confidently outsourced the plant’s operations and maintenance. And yet, this unfortunate tragedy occurred," Agarwal said in a social media post.

Drawing an analogy, he compared it to vehicle owners handing over their cars to trusted drivers, expecting them to follow rules and stay safe.

"It is a lot like a vehicle owner placing his trust in a capable and responsible driver, believing that both the vehicle and its passengers will remain safe. And still, sometimes, fate intervenes," Agarwal said.

"At Vedanta, safety is always our highest priority in every contract. The same commitment has been the cornerstone for NTPC and GE as well. And when such a tragedy happens despite all of this, it truly breaks your heart," he explained.

An explosion occurred in a steel tube carrying high-pressure steam from the boiler to the turbine at the Vedanta's power plant located in Singhitarai village of Chhattisgarh on April 14, killing 25 workers and leaving several persons with severe burn injuries.

Vedanta had earlier announced ₹35 lakh compensation and employment support for kin of those killed in a boiler explosion and ₹15 lakh for the injured.

The Chhattisgarh police registered an FIR against Agarwal and others in connection with the blast, an official had earlier said.

Industrialist Naveen Jindal later came out in support of the Chairman stating that the matter should first be investigated and responsibility should be established based on evidence.

A report by the Forensic Science Laboratory (FSL) in Sakti also confirmed that the accumulation of fuel and the resulting excessive pressure were the primary causes of the explosion, the police statement had said.

During the investigation, it emerged that Vedanta company and its contractor NGSL (NTPC GE Power Services Limited) failed to properly adhere to maintenance and operational standards for machinery and equipment, the statement had said.

Published on April 27, 2026