Insurance Claim of Rs. 6.63 Crores Received for Patiala Warehouse Fire
Update on the fire at the C&FA-operated warehouse in Patiala, Punjab.
- Damage Amount
- Rs. 7.33 Crores
- Insurance Claim Realized
- Rs. 6.63 Crores from ICICI Lombard
- Insurer
- ICICI Lombard General Insurance Co. Limited
- Claim Shortfall
- Rs. 0.70 Crores
What was shared
The company gave an update on the fire incident at its C&FA-operated warehouse at Patiala, Punjab, first intimated earlier. The insurance claim has now been settled by the insurer and the claim amount has been received.
The numbers
- Actual damage caused: Rs. 7.33 Crores
- Amount claimed: Rs. 7.33 Crores
- Amount realized: Rs. 6.63 Crores
- Insurer: ICICI Lombard General Insurance Co. Limited
Operations
Immediately after the fire, the company cleared the affected area and arranged alternate warehousing facilities. Business operations continued without any material disruption through those arrangements.
How to read it
The recovery is lower than the amount claimed, the difference being Rs. 0.70 Crores. The company states that other than the amounts above, there is no other material financial impact on it. The disclosure closes the loop on an earlier reported incident.
Also from Jyothy Labs
CARE reaffirms 'CARE AA; Stable' rating on Rs. 250 crores long term bank facilities
25 Sep 2026
More numbers
- Amount claimedRs. 7.33 Crores
- Amount realizedRs. 6.63 Crores
- Actual damage causedRs. 7.33 Crores
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.