Business Update11 Mar 2026, 05:42 pm
Orient Bell Ltd Faces Gas Supply Restrictions Due to Middle East Conflict
AI Summary
Orient Bell Ltd has received communication from GAIL Gas Limited, its gas fuel supplier at the Hoskote (Karnataka) plant, declaring Force Majeure due to the ongoing war in the Middle East. This will result in a restricted supply of gas at 80% of the past 6-month average gas consumption, with potential pricing revisions. The company is actively evaluating the situation and finding ways to minimize the impact, with dispatches continuing as normal due to existing inventory levels.
Key Highlights
- Orient Bell Ltd facing gas supply restrictions due to Force Majeure declared by GAIL Gas Limited
- Gas supply to be restricted to 80% of past 6-month average, with potential pricing revisions
- Company is evaluating the situation and working to minimize the impact
- Dispatches continuing as normal due to existing inventory levels
- Situation being closely monitored for further updates