Sangam India Spinning Division Fire: ₹4 Cr Loss Estimated

Sangam India Ltd reported a fire incident at its Spinning Division in Bhilwara, Rajasthan, on September 30, 2026. The fire was controlled promptly with no human casualties. The estimated loss is ₹4 Crores, which is adequately covered by the company's comprehensive FIRE IAR Policy with a sum insured of ₹1,528.30 Crores and additional coverage of ₹171 Crores for Loss of Profit. The company has initiated the insurance claim process and is assessing the exact cause and extent of damage. The incident is expected to have a minor impact on overall production and operations, with measures in place to ensure business continuity.