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9–12 Months to Reboot—Neogen Chemicals Leverages Rs 300 Cr for Dahej Revival

Updated: July 16, 2025 19:20

Image Source : The Bonus
Neogen Chemicals Ltd has received an additional Rs 300 crore insurance payout following the March 2025 fire at its Dahej SEZ facility. The compensation covers asset damage, inventory loss, and incidental charges, bringing total recognized claims close to Rs 335 crore.
 
Key Highlights:
  • The fire impacted MPP3, warehouse, and tank farms; no casualties were reported
  • Reconstruction of the damaged infrastructure is expected to take 9–12 months
  • Production of critical specialty chemicals has been shifted to alternate sites with customer approval
Strategic Response:
  • Neogen is leveraging capacity at its Patancheru plant to maintain supply continuity
  • Despite the disruption, the company has reaffirmed its FY25 revenue guidance
  • Business interruption and reinstatement claims are under further evaluation
Market Implications:
  • The payout signals insurer confidence and strengthens Neogen’s liquidity buffer
  • Investors view the recovery plan as a blueprint for industrial resilience
Sources: NDTV Profit, Business News Today, Nuvama Wealth, Neogen Chemicals Regulatory Filings.

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