Fire Accident At Godrej Consumer Products Ltd's Nigerian Subsidiary
2019-01-09 Shutdown/Strikes/Disturbances Engineering International
Godrej Consumer Products Limited informs that there was an unfortunate incident of fire that took place on January 5 th/ 6 th, 2019 at the premises of the Nigerian subsidiary. The fire has been contained and isolated to a part of the warehouse and a section of the production area. There was no injury or loss of life in this incident. The company yet to ascertain the cause of the fire and investigations are on. The estimated loss is approximately INR 35 crore (including potential business disruption). The loss/damage is fully covered under appropriate insurance policies. The impact, if any, is not material on the consolidated financials of the Company.