As a result, production at the company’s borosilicate glass furnace used for pressware products and its opal glass furnaces, all located in Jaipur, Rajasthan, has been affected. Production at the borosilicate glass furnace has been temporarily suspended, while the opal glass furnaces are currently operating at reduced capacities.
“The company is actively coordinating with OMCs and the relevant government authorities to secure the supply of LPG, which is essential for production, to ensure continuity of production activities to the extent feasible,” the company said in a regulatory filing dated March 11.
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“We are evaluating the impact arising from the ongoing disruption in the supply of LPG. The company is actively monitoring the situation and will continue to update the stock exchanges with any material developments in this regard,” Borosil added.
This comes as India faces an LPG supply disruption. The raging war between Iran and Israel-US has led to the prolonged closure of the Strait of Hormuz, which is one of the world’s most critical energy supply chokepoints. The route is currently witnessing severe disruptions to tanker traffic as Iran continues to target vessels attempting to pass through the corridor. The situation has forced several global suppliers to issue force majeure notices on gas shipments.
As a result of supply constraints arising from the closure of the Strait of Hormuz, gas prices have surged in India. Domestic cooking gas now costs Rs 60 more per cylinder, while commercial LPG prices have risen by Rs 114.5.
Supply shortages have been reported in several cities, including Mumbai and Bengaluru, with restaurants in some areas warning of potential closures due to insufficient fuel availability. Amid concerns over LPG supply disruptions, long queues were seen outside several gas agencies in cities as people waited to collect cooking gas cylinders.
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