Shares of Gopal Snacks Limited surged more than 6% after the company reassured investors that its manufacturing operations remain fully operational despite recent gas supply restrictions across India.
The update comes as the Government of India prioritises domestic natural gas usage amid rising geopolitical tensions in the Middle East, leading to curbs on commercial gas consumption for several industries. These restrictions have raised concerns about potential disruptions in manufacturing for companies dependent on gas-based fuel.
However, Gopal Snacks said its production facilities are not affected by the curbs, as the company has already implemented alternative fuel solutions.
The company stated that its manufacturing plants in Modasa, Gujarat and Nagpur, Maharashtra are currently operating smoothly using bio coal as an alternative fuel source. This shift has enabled the company to continue production without interruptions while ensuring timely supply of its products to customers.
According to the company, the adoption of bio coal reflects its broader strategy of fuel diversification aimed at reducing dependence on conventional energy sources. By investing in alternative fuels earlier, Gopal Snacks has been able to shield its operations from sudden policy changes or supply disruptions.
The Modasa and Nagpur facilities remain central to the company’s production network and are fully equipped to handle both current and future manufacturing requirements. Gopal Snacks emphasised that there will be no delays in product deliveries, reinforcing confidence among distributors and customers.