PG Electroplast Limited (PGEL) has announced measures to mitigate the impact of LPG supply constraints on its production facilities due to ongoing geopolitical tensions in the Middle East. The company has been facing difficulties as gas suppliers have restricted supplies, affecting the production of Room AC units in some of its plants.
In response to these challenges, PGEL has been actively assessing the situation and exploring alternative energy sources to maintain production levels. The company has successfully identified and installed alternative solutions to LPG at its production facilities. As a result, the production of Room AC units has nearly returned to normal levels, allowing PGEL to address the LPG supply issues to a significant extent for the time being.
PGEL’s proactive approach in tackling the supply constraints underscores its commitment to ensuring uninterrupted production and supply to its customers. The company continues to monitor the situation closely and remains focused on maintaining operational stability amid the ongoing geopolitical instability.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).