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BK Birla group company Kesoram Industries Ltd has reported a loss of Rs 275.64 crore in the quarter to December 31 against Rs 15.26 crore in the comparable quarter of the previous year. In the second quarter (July-September) it had reported a loss of Rs 266.42 crore.
The company said it submitted an insurance claim of Rs 15.23 crore for damages suffered on account of floods at its Uttarakhand tyre plant. Of this, a claim Rs 2.85 crore has been accounted for as receivable and the balance would be accounted for on settlement, it said.
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