Disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
ORIENTBELL · price
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Awaiting price reaction for this filing.
Orient Bell Limited has informed exchanges that its gas fuel supplier, GAIL Gas Limited, has declared Force Majeure at its Hoskote (Karnataka) plant due to the ongoing war in the Middle East region. Gas supply to industrial customers will be restricted to 80% of their past 6-month average consumption, with possible price revisions for restricted and excess quantities drawn. The company says this will have only a temporary and partial impact on production activities, and current inventory levels are sufficient for dispatches to continue normally in the near term. The exact financial or operational impact cannot be quantified at this stage, and the company is exploring ways to minimize disruption. Further updates will follow if there are material developments.
Production at the Hoskote plant may face short-term, partial slowdowns due to restricted gas supply, but dispatches to customers are expected to continue from existing inventories. Shareholders should monitor for any follow-up updates that quantify the hit to volumes, costs, or margins.