
Business Update10 Nov 2026, 06:30 pm
Kanco Tea Flood Update: Estate Partially Repaired, ₹2.24 Cr Paid
AI Summary
Kanco Tea & Industries Ltd has provided an update on the flood at its Bamonpookrie Tea Estate. The estate's original equipment manufacturer (OEM) in China has repaired the machinery, and it is now operational. Repairs for two DG sets are pending. The company has received an on-account payment of ₹2.24 Crores from the insurer and has claimed ₹2.99 Crores for damaged teas. The full extent of machinery damage will be assessed shortly. The estate suffered a production loss of 1,02,550 kg in September 2026, valued at ₹3.03 Crores, which is not covered by insurance. This loss will be disclosed separately as an extraordinary item in the financial statements.
Key Highlights
- Bamonpookrie Tea Estate machinery repaired and operational.
- Company received ₹2.24 Crores on-account payment from insurer.
- Claim of ₹2.99 Crores filed for damaged teas.
- Production loss of ₹3.03 Crores not covered by insurance.
Price Impact
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