Final Insurance Claim of ₹363.98 Million Approved for December 2024 Fire Incident
Update on the fire at the Metoda, Rajkot production unit (December 11, 2024).
- Final Insurance Claim Approved
- ₹363.98 million
- Total Fire Claim Recovery
- ₹774.27 million
- Incident Date
- December 11, 2024
- Facility Location
- Plot No. G2322-23-24, GIDC Metoda, Tal. Lodhika, Rajkot, Gujarat
What was shared
The company gave a further update on the fire incident at one of its production units at Plot No. G2322-23-24, GIDC Metoda, Tal. Lodhika, Rajkot, Gujarat, which took place on December 11, 2024.
Key points
- The insurer has approved ₹363.98 million as the full and final insurance claim, as part of reinstatement.
- The aggregate amount received towards the fire claim is ₹774.27 million, which includes the interim payments disclosed earlier, income from the sale of scrap, and the full and final approval mentioned above.
How to read it
This closes the insurance claim process for the incident, with the insurer agreeing on the final amount. The disclosure was made under Regulation 30 read with Schedule III of the SEBI Listing Regulations.
More numbers
- Full and final insurance claim approved₹363.98 million
- Aggregate amount received towards fire claim₹774.27 million
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