Announced Fri, 17 Jul · 16:08 IST
Neogen gets Rs 15 Cr more in insurance payout for Dahej fire
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹2158.60
prior close
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AI summary
Neogen Chemicals received a fourth on-account insurance payment of Rs 15 Crore for the March 2025 fire at its Dahej SEZ MPP3 plant, bringing total insurance received to Rs 155 Crore. Total loss recognised stands at Rs 348.16 Crore (standalone), with insurance claim receivable of Rs 334.60 Crore. MPP3 production remains suspended, with replacement plant commissioning targeted for H1 FY27. Critical production shifted to other sites.
Likely market impact
Positive: continued insurance inflows ease cash strain. However, MPP3 remains shut, with full recovery dependent on plant commissioning in H1 FY27.