Uttarakhand Floods: JP lodges claims for insurance

India Infoline News Service | Mumbai |

Jaiprakash Power said that the expect loss was Rs. 50 crore for its 400 MW power project in Uttarakhand

The Jaypee group’s Jaiprakash Power Ventures has become one of the first companies to lodge a claim for compensation due to the Uttarakhand floods, according to a media report.

The company said that the expect loss was Rs. 50 crore for its 400 MW power project in the state. The barrage is covered with debris, though the powerhouse 25 km downstream is unharmed, the report added.

But its insurer, United India Insurance, is not in favour of clearing the claim as it says the power plant itself is not flooded, the report further said.
 

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