Ahmedabad Plane Crash: Tata Sons Announces ₹1 Crore Compensation for Each Victim’s Family

National News: Tata Group Chairman N Chandrasekaran expressed deep sorrow over the Air India Flight AI171 crash, which shook the nation. The flight, bound for London, met with a fatal accident minutes after taking off from Ahmedabad. Reacting swiftly, Tata Sons declared ₹1 crore as compensation for the families of each deceased passenger. “Our thoughts and prayers are with every affected soul,” said Chandrasekaran in an official statement. He emphasized that supporting grieving families is the group’s immediate priority. Emergency response teams have been deployed at the site. Tata has also set up a dedicated support center to assist the victims' relatives with real-time information and emotional support.

Financial Markets React Sharply After Crash

The impact of the crash sent tremors through the stock market. Shares of Air India and other Tata-affiliated companies experienced significant drops. Tata Investment Corporation fell by 3.62%, while Tata Chemicals slid by 2.55%. Tata Steel, Tata Power, and Tata Elxsi all registered losses over 2%. Meanwhile, aviation-related stocks also tumbled. TAAL Entertainment dropped 3.84% and IndiGo by 3.01%. Even Boeing’s stock slipped by 5.14% in pre-market trading, reflecting the global anxiety surrounding the incident.

Details Emerge from the Crash Scene

The ill-fated flight was a Boeing 787-8 Dreamliner carrying 242 people, including 2 pilots and 10 cabin crew members. It took off from Ahmedabad’s Sardar Vallabhbhai Patel Airport at 1:39 PM. Shortly after, the aircraft veered off its path and crashed into a medical college building in Meghaninagar, triggering a massive explosion and fire. Thick black smoke engulfed the area as rescue operations began. The government assured complete support to all families affected and has initiated a high-level investigation into the crash. Tata Group’s gesture brings a sense of corporate responsibility to an unspeakable tragedy. While compensation can never replace lost lives, the solidarity shown during this time of collective grief may offer some solace to those left behind.