Neogen Chemicals Limited — Important, 27-06-2025: General Updates
27-06-2025 | 07:29 pm
27-06-2025 | 07:29 pm
Neogen Chemicals has received Rs. 50 crore as an interim insurance payment following a fire at its Dahej SEZ plant, which caused a loss of Rs. 348.16 crore due to damage to property, plant, and inventory. Production at the affected Multi-Purpose Plant is paused, with reconstruction expected to take 9-12 months. Meanwhile, critical specialty product manufacturing has shifted to other facilities, supported by Patancheru plant expansion, aiming to sustain earnings. The company maintains its previous revenue guidance despite the disruption.
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