
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.*
😢
7