force majeure

New Delhi, April 9: The apex business chamber, FICCI, on Thursday indicated that early signs of stress due to the West Asia conflict are visible across sectors, warranting proactive measures to mitigate immediate risks and build long-term resilience.In a report titled "West Asia Conflict...

New Delhi, March 22 India's urea plants are operating at half capacity after force majeure declarations disrupted LNG flows through the Strait of Hormuz amid escalating West Asia tensions, industry sources said on Sunday.Petronet LNG Ltd, which operates India's largest liquefied natural gas...

New Delhi, March 15 Hindalco Industries said on Sunday that it has not halted operations of its aluminium extrusion business and emphasized that the customer communication – issued after force majeure claims by some gas suppliers – was simply a routine business notification regarding a potential...

New Delhi, March 13 India's city gas distribution (CGD) industry could see its daily sales volumes decline by 8-10 per cent in the near term as the ongoing conflict in West Asia disrupts natural gas supplies, according to a report by Crisil Ratings.The disruption has primarily affected imports...

March 10, New Delhi – Iran launched fresh strikes on energy installations in the Gulf on Monday, including a petroleum complex in Bahrain, as oil prices soared due to fears of supply disruptions caused by the escalating conflict in West Asia.The sprawling Al Ma'ameer oil facility in Bahrain...

New Delhi, March 9 With exporters facing a surge in sea freight of up to 300 percent due to the West Asia crisis, it has been decided to increase the number of small vessels operating between India and Gulf countries from April 15 to help clear consignments, FIEO director general Ajay Sahai said...

New Delhi, March 6 The government will use all policy tools and support measures to help domestic exporters deal with the ongoing West Asia crisis, Commerce and Industry Minister Piyush Goyal said on Friday.He said that the government has set up an inter-ministerial group to look into the...

New Delhi, March 5 Rice exporters have sought urgent government support to mitigate the impact of shipping disruptions caused by the Iran crisis and instability across key maritime routes, according to a representation submitted by the Indian Rice Exporters Federation (IREF).The Federation, in...

New Delhi, March 4 Qatar has halted liquefied natural gas (LNG) production following attacks on its facilities amid the ongoing West Asia conflict, disrupting supplies to India and creating a shortage of feedstock for key domestic sectors.India, which relies on long-term LNG contracts with...

New Delhi, March 4 Shares of gas importer Petronet LNG Ltd plunged by over 9 per cent on Wednesday as Qatar halted liquefied natural gas (LNG) production after its facilities came under attack amid the ongoing West Asia conflict, disrupting supplies to India and squeezing feedstock availability...

New Delhi, March 4 Qatar has halted liquefied natural gas (LNG) production following attacks on its facilities amid the ongoing West Asia conflict, disrupting supplies to India and impacting feedstock availability for key domestic sectors.India, which relies on long-term LNG contracts with...

New Delhi, March 4 Shares of gas importer Petronet LNG Ltd plunged by nearly 12 per cent on Wednesday amid reports that Qatar, India's largest supplier of imported natural gas, has declared force majeure on deliveries following a halt in production in the wake of an Iranian drone strike.The...