InsuGuru
InsuGuru
May 25, 2025 at 04:22 PM
https://timesofindia.indiatimes.com/city/nashik/fire-leaves-jindal-plant-with-damage-worth-2k-cr/articleshow/121374858.cms *🚨 Massive Fire at Jindal Poly Films | ₹2,000 Cr Loss* A major fire broke out on May 21 at JPFL Films Pvt. Ltd. in Igatpuri, Nashik. Fueled by flammable materials, the blaze destroyed 70% of the facility before it was brought under control—causing an estimated loss of ₹2,000 crore. The plant is fully insured. Two surveyors have been appointed for damage assessment. *Unofficial Insurer Share:* National: 38% Reliance: 23% Oriental: 12% ITGI: 12% United: 10% Magma HDI: 5% *Public sector insurers may bear over 60% of the total loss—a significant financial blow.*
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