Kkalpana Industries Reports Operational Disruption Due to Force Majeure
Kkalpana Industries (India) Limited reported significant disruptions to its manufacturing operations stemming from force majeure conditions. The company cited the current geopolitical tensions and the ongoing conflict in the Middle East as the primary causes for the operational impact.The disruption has resulted in considerable supply chain disruptions coupled with a critical shortage of essential raw materials, adversely affecting the unit's operations.
Kkalpana Industries stated that the company is actively monitoring the evolving situation. Management is taking necessary measures to mitigate the impact and ensure a timely resumption of normal operations. The company indicated it will furnish further updates concerning the restoration of normalcy as the situation progresses.
Stock Price Movement
As of 3:04 PM, Kkalpana Industries (India) Ltd shares are ticking up to ₹8.20, marking a significant increase of 7.89%. During the day, the stock traded within a wide intraday range, stretching between a low of ₹7.60 and a high of ₹8.47.Source:
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