The company informed stock exchanges that the interim payment was received against an insurance claim of Rs344.49 crore filed in connection with the fire that broke out in the early hours of October 10, 2025, at around 2.30 am.Godfrey Phillips said the actual loss arising from the incident is expected to remain within the claimed amount. It also clarified that since the incident occurred at a third-party facility, there has been no disruption to production at its own manufacturing units and no material impact on the company’s financial position is anticipated.
Mumbai:Godfrey Phillips India has received an ad-hoc on-account payment of Rs100 crore from its insurer following a major fire incident at a third-party tobacco processing and storage facility in Andhra Pradesh’s Prakasam district.
The company informed stock exchanges that the interim payment was received against an insurance claim of Rs 344.49 crore filed in connection with the fire that broke out in the early hours of October 10, 2025, at around 2.30 am.
However, the name of the insurer is not yet known.
The blaze occurred at a tobacco processing plant and warehouse operated by a third party where the company processed and stored its tobacco leaf inventory.
According to the company, the cause of the fire remains under investigation. No injuries or loss of life were reported in the incident.
Following the fire, the company had informed exchanges that the damaged inventory was adequately covered under insurance policies and that the insurer had been notified immediately. Subsequently, on December 23, 2025, the company filed a formal insurance claim amounting to Rs 344.49 crore. The claim is currently under assessment as per policy conditions.
Godfrey Phillips said the actual loss arising from the incident is expected to remain within the claimed amount. It also clarified that since the incident occurred at a third-party facility, there has been no disruption to production at its own manufacturing units and no material impact on the company’s financial position is anticipated.
The company, which manufactures cigarettes and other consumer products, relies on third-party facilities for certain stages of tobacco processing and storage.