AIA Engineering has issued a clarification regarding concerns about a potential shortage of commercial LPG affecting its production processes. The company assured stakeholders that it utilises multiple fuel sources, with Piped Natural Gas (PNG) being the primary source, and LPG used in a limited capacity for heat treatment processes at its various plants.
The company confirmed that there is no disruption in the availability of either PNG or LPG, and all its facilities continue to operate normally. To further bolster its fuel supply strategy, AIA Engineering is in the process of modifying its fuel systems to incorporate Light Diesel Oil (LDO) as an additional fuel option alongside PNG and LPG.
This announcement was made in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to inform all concerned stakeholders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).