Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Alufluoride Ltd has announced a temporary reduction in operations at its Visakhapatnam plant due to non-availability of Hydrofluosilicic Acid, a key raw material required for producing Aluminium Fluoride. The disruption is caused by ongoing war in the Middle East region affecting the supply chain and availability of this raw material from their supplier. The company has existing stocks of Hydrofluosilicic Acid that will last until June 2026, after which operations will be reduced until regular supply is restored. The company is actively discussing with existing vendors to enhance procurement and is taking steps to minimise impact on business activities. The extent of loss or damage is not yet determinable, and the disruption is not covered by insurance.
Short-term production reduction likely until raw material supply normalises; shareholders should brace for potential revenue impact in the coming months while the company works to secure alternative supply sources.