Fire incident update: Rs 15 Cr insurance payment received
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Neogen Chemicals received Rs 15 Cr as fourth on-account insurance payment for the March 2025 fire at its MPP3 facility, warehouse and tank farms at Dahej SEZ. Total insurance payout received so far is Rs 155 Cr. Company has recognized total loss of Rs 348.16 Cr (Rs 362.90 Cr consolidated), with insurance claim receivable of Rs 334.60 Cr. Replacement plant construction is progressing, commissioning expected H1FY27. Select production shifted to other sites to minimize disruption.
Positive: insurance recovery progressing well. Replacement plant commissioning H1FY27 should restore capacity. Net loss already absorbed in FY25.