Angel Fibers Receives ₹3.60 Crore Insurance Payout Writes Off ₹1.77 Crore

SBI General Insurance released Rs 3.6 crore as partial settlement of Angel Fibers' February 2024 factory fire claim, with the balance deemed inadmissible. The company will write off Rs 1.77 crore from its books while continuing to pursue reconsideration of the remaining claim.