Salasar Techno Engineering Limited has informed the Exchange about Disruption of Operations
SALASAR · price
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Salasar Techno Engineering has informed the stock exchanges that its operations are facing disruption because LPG supply has been restricted due to a force majeure situation linked to the ongoing conflict in the Middle East and its impact on global fuel supply. As a result, the company's production activities, material deliveries, and EPC business operations have been adversely affected. Exports to the Gulf region are also being impacted. The company is coordinating with Oil Marketing Companies (OMCs) and government authorities to secure LPG supply and maintain production to the extent feasible. The financial impact (loss quantum) is still being evaluated and has not been disclosed. Insurance coverage is marked as 'Not Applicable' for this disruption. The company has committed to updating the exchanges with any further material developments.
Short-term operational and revenue pressure is likely as production, deliveries, and exports to the Gulf are disrupted, though the full financial impact is still being assessed. Investors should watch for further updates on the duration and severity of the LPG supply constraint, as prolonged disruption could materially affect quarterly earnings.