Orient Bell Ltd has announced a temporary and partial impact on production activities at its Hoskote plant following restricted gas supply from its supplier, GAIL Gas. The disruption comes after GAIL declared force majeure, leading to potential revisions in gas pricing for restricted and excess quantities
The company confirmed that the Hoskote plant will continue to receive gas equivalent to its past six-month average consumption, ensuring partial continuity of operations. While production activities are expected to be affected, Orient Bell is working to minimize the impact on supply commitments.
Gas Supply Disruption
GAIL Gas has restricted supply to industrial customers after declaring force majeure. This has directly impacted Orient Bell’s operations, particularly at its Hoskote facility.
Production Outlook
Orient Bell stated that production will continue at reduced levels, supported by the average gas allocation. The company is assessing the situation and exploring alternatives to mitigate operational challenges.
Pricing Revision
Officials highlighted that gas pricing may be revised for restricted and excess quantities, potentially affecting cost structures. Orient Bell is monitoring developments closely to manage financial implications.
Key Highlights
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Orient Bell Ltd faces partial production impact at Hoskote plant
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GAIL Gas declares force majeure, restricts supply to industrial customers
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Plant to receive gas at past six-month average consumption
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Potential revision in gas pricing for restricted and excess quantities
Sources: Reuters, company announcement