Belagavi: An accidental fire that broke out at the APMC godown at Saudatti on Tuesday morning destroyed the huge stock of foodgrains, cotton bales etc stocked at the premises.
The loss resulting out of the fire has been pegged at Rs 50 lakhs.
As per the police officials, the godown was owned by Ashok cotton traders. Nearly 1000 quintals of rice, 500 quintals of maize, 20 quintals of pulses among other items stored here were destroyed in the blaze.
Fire station officials rushed to the spot and doused the fire. A case has been registered at Saudatti police station.