Godfrey Phillips India Limited Receives Rs 100 Crores Insurance Payout Following Fire Incident
Godfrey Phillips India Limited announced the receipt of an ad-hoc on-account payment from the insurance company regarding a fire incident that occurred at a third-party tobacco processing plant and warehouse.The payment of Rs 100 crores was received by the Company today, continuing the developments following the reported fire at the facility.
The incident took place at a third-party tobacco processing plant and warehouse located in District Prakasam, Andhra Pradesh, where Godfrey Phillips India Limited processes and stores its tobacco leaf inventory.
The Company noted that this payment follows previous reports made on October 10, 2025, and December 23, 2025, regarding the fire incident.
The material development confirms the financial recovery related to the storage and processing operation.
GODFRYPHLP Stock Price Movement
On Tuesday, shares of Godfrey Phillips India Limited edged higher, closing at ₹2339.9 after gaining 0.96% from the previous day's close. The stock traded on a volume of 1.19 million shares, settling within a day range of ₹2295.8 to ₹2384.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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