Chennai, India – Manali Petrochemicals received an insurance pay out of INR 152.2m ($10.2 m) from its insurers following the production outage at its site here between 2 December 2015 and 4 January 2016.
The payment predominantly covers damage to property of around INR 107m, Manali said. The firm added, in a statement to the Bombay Stock Market that the balance was made up of compensation for loss of profits. Manali is a producer of polyols.
Currency conversion XE.com 5 January 2017.
