Godfrey Phillips Fire Hits Shares

  Published 9 months ago

Godfrey Phillips shares slipped 1.9% after a major fire hit its Andhra tobacco processing plant.

  • The blaze erupted at a third‑party tobacco processing and storage facility in Andhra Pradesh today.
  • The company is assessing damage; insurance coverage sufficiently protects its tobacco leaf inventory value against losses.
  • Despite the incident, Godfrey Phillips shares have risen approximately 88% year‑to‑date so far this year.

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