Mold-Tek Packaging receives 6.2M rupees following insurance claim related to fire on Aug. 20, 2013, at facility in Daman, India
May 5, 2014
(Dion Global Solutions Ltd.)
– Mold-Tek Packaging today said the company received a total sum of Rs 6.24 crores, against Daman Unit's fire accident insurance claim.
"The Company received an amount of Rs 6.24 crores, against Daman Unit's fire accident insurance claim, in addition to the salvage value that is recoverable," the company said in a filing to Bombay Stock Exchange.
The net loss due to the accident may be around Rs 42 lakhs, net of salvage value, which is subject to final audit, the company added in a filing. Published by HT Syndication with permission from Dion Global Solutions Limited.