BUZZ-Indian AC makers slide on report of production risks due to LPG shortage amid West Asia war

Reuters
03/13
BUZZ-Indian AC makers slide on report of production risks due to LPG shortage amid West Asia war

** Shares of Indian air conditioner makers are down between 2.3% and 4%

** Blue Star BLUS.NS is down 3%, Voltas VOLT.NS falls 2.8%, Havells India HVEL.NS drops 2.3%, Amber Enterprises AMBE.NS down 4% and Whirlpool of India WHIR.NS is trading 2.5% lower

** Indian AC makers flag production risks as LPG shortage worsens amid West Asia war, according to a Business Standard report

** Report notes LPG is used in brazing and curing of powder-coating

** YTD, BLUS, VOLT and AMBE up ~9%, ~3%, and ~4%, respectively; HVEL and WHIR down ~8% and ~3%

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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