Chatha Foods (BOM:544151) said potential LPG supply constraints in India due to geopolitical developments in the region are not expected to affect its manufacturing operations, according to a Thursday filing.
Shares of the company jumped 6% in Friday's trade.
The company said its production facilities primarily operate using electricity and diesel-powered systems and are not dependent on LPG as a primary energy source. Operations are continuing normally, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments