Balaji Amines Halts Plants Due to Ammonia Shortage from Middle East War

Balaji Amines Limited faces significant production disruptions as the ongoing Middle East conflict severely impacts global shipping, logistics, and supply chains.

Raw Material Crisis

Key ammonia suppliers invoked force majeure due to liquefied natural gas (LNG) shortages, halting ammonia deliveries essential for manufacturing methylamines, ethylamines, and derivatives. Several company plants are currently non-operational as a result.

Impact Assessment

Financial and operational effects remain unquantifiable at present; Balaji Amines is actively negotiating alternatives with suppliers while monitoring the crisis closely for material updates to stock exchanges.

Shares of Balaji Amines Limited was last trading in BSE at Rs. 1033.35 as compared to the previous close of Rs. 1042.70. The total number of shares traded during the day was 4343 in over 387 trades.

The stock hit an intraday high of Rs. 1047.90 and intraday low of 1002.60. The net turnover during the day was Rs. 4432526.00.

Source : Equity Bulls

Keywords

BalajiAmines INE050E01027 SpecialtyChemicals PlantDisruption