Pune SII Fire: CEO Adar Poonawalla Estimates Rs 1,000 Cr Loss

A day after the fire outbreak at its Pune-based plant, the Serum Institute of India CEO Adar Poonawalla has admitted a financial loss of Rs 1,000 crore. Adar said, "The fire has damaged machinery installed for rotavirus and BCG vaccine production." However, has assured that the production facility of COVID-19 vaccine - Covishield - has not been affected. Moreover, three to four floors of the SII facility were damaged.