AIA Engineering Limited has informed the Exchange regarding 'Clarification under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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AIA Engineering has issued a clarification in response to market apprehensions about a commercial LPG shortage affecting its plants. The company stated that it uses multiple fuel sources, with PNG (Piped Natural Gas) as the main fuel and LPG only in a limited manner for heat treatment. It confirmed there is no disruption in PNG or LPG availability at any facility and all plants are operating normally. Additionally, the company mentioned it is modifying its fuel system to also enable the use of LDO (Light Diesel Oil) alongside PNG and LPG. The clarification was filed under SEBI LODR Regulation 30 to address stakeholder concerns.
This is a positive clarification that reassures investors there is no operational disruption from fuel supply issues, removing a potential overhang on the stock. The move to add LDO as a third fuel option also signals improved fuel flexibility going forward.