A fire broke out at Vinsa Chemicals Private Limited's facility in Greater Noida, India, on the morning of 18 January.
No casualties were reported.
The company specialises in producing a diverse range of chemical products - including industrial aerosol sprays, silicone sprays, non-silicone sprays, specialty coatings, waterproofing solutions, industrial paints and specialty lubricants.
The cause of the fire is unclear, but it began in chemical drums stored on the factory's ground, first and second floors.
"The fire had engulfed the chemical drums stored on multiple floors of the factory. Our teams acted promptly and used all their resources to extinguish the blaze. No injuries or fatalities occurred," said Pradeep Kumar, chief fire officer, Gautam Budh Nagar.
"Upon arrival, fire service personnel swiftly initiated containment measures to prevent further damage and ensured that all nearby areas were evacuated as a precautionary step," added Kumar.
The company has reported significant financial losses due to the destruction of stored chemicals and the factory has also suffered extensive damage.
The exact extent of the damage is yet to be assessed, officials said.
Firefighters prevented the fire from spreading to neighbouring facilities, averting a potential catastrophe.
An investigation into the cause of the fire is underway.
Fire ravages industrial spray company’s production facility
