Gopal Snacks Ltd - Operational Update

Gopal Snacks Limited, ("Gopal Snacks Ltd" or the "Company") (BSE: 544140; NSE: GOPAL) a leading FMCG company in India renowned for its highquality snack products, has announced a business update regarding the ongoing gas supply shortage.

Recently Government of India has issued Notification on restriction of usage of Gas for Commercial use due to tensions in Middle East, Prioritizing the same for Domestic use. This is to clarify that, Company is already using Bio coal at its Modasa and Nagpur Facilities and its manufacturing facilities are running smoothly and will be able to serve its customers demand without any interruption.

Gopal Snacks has always been looking to focus on taking strategic steps to use alternative sources of fuel, making it more cost effective and reducing the dependency on single source of fuel to overcome any such unforeseen challenges.

The Modasa and Nagpur plants, both crucial to the company's manufacturing operations, are running normally and are well-equipped to meet the current and future production demands, ensuring that there will be no delays in product deliveries to customers.

Shares of Gopal Snacks Limited was last trading in BSE at Rs. 282.75 as compared to the previous close of Rs. 281.30. The total number of shares traded during the day was 21495 in over 716 trades.

The stock hit an intraday high of Rs. 300.05 and intraday low of 278.50. The net turnover during the day was Rs. 6133426.00.

Source : Equity Bulls

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INE0L9R01028 GopalSnacks PackagedFoods OperationalUpdate