Manali Petrochemicals Limited has received the insurance claim for flood related damages in the month of December 2015. The insurance provider accepted the claim of the firm, assessed and settled the proceeds. The firm had made a total claim of Rs 16.65 cr encompassing for loss of profits against which Rs 15.22 cr has been realized. The actual damage is about Rs. 10.68 cr of materials and assets which doesn’t include the loss of profits.
Manali Petrochemicals Limited, incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 586.52 Cr) operating in chemicals sector. Meanwhile, Manali Petro share price soared almost 8 per cent intraday on the NSE today.
Manali Petrochemicals Limited key Products/Revenue Segments include Polyol which contributed Rs 377.18 Cr to Sales Value (57.61 per cent of Total Sales), Propylene Glycol which contributed Rs 180.13 Cr to Sales Value (27.51 per cent of Total Sales), Others which contributed Rs 76.11 Cr to Sales Value (11.62 per cent of Total Sales), Propylene Oxide which contributed Rs 12.40 Cr to Sales Value (1.89 per cent of Total Sales), Isocyanates which contributed Rs 7.96 Cr to Sales Value (1.21 per cent of Total Sales), Scrap which contributed Rs .85 Cr to Sales Value (0.12 per cent of Total Sales)for the year ending 31-Mar-2016.
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