Mumbai/IBNS, March 25 -- Shares of several air conditioner (AC) manufacturers rose on Wednesday after a key supplier announced resolution of challenges triggered by the West Asia conflict, media reports said.
Earlier in the day, shares of PG Electroplast Ltd. surged 9% after the company said its room air conditioner production has been largely normalised.
In an exchange filing, PG Electroplast stated it had identified and installed alternative solutions to LPG at its manufacturing facilities, leading to near-normalisation of room AC production.
The company had earlier flagged disruptions in LPG supplies due to the West Asia conflict, which had impacted operations at some of its plants.
In an earlier interview with CNBC-TV18, Vikas Gup...
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