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Lower oxygen supplies to temporarily impact 5 sectors: Crisil

Lower oxygen supplies to temporarily impact 5 sectors: Crisil ​ By IANS | ​ 1 Views Queue for oxygen. Image Source: IANS News Mumbai, April 21 : With demand for medical oxygen soaring, the Centre has barred industrial use (except by nine sectors) from April 22. Demand for medical oxygen is estimated to have rocketed five-fold in the second week of April versus pre-pandemic levels as Covid-19 infections took off, Crisil said on Wednesday. The consequent higher supply of medical oxygen will save lives, but will have a bearing on some sectors, the rating agency said. Crisil Ratings Director Gautam Shahi said: The disruption in the supply of oxygen for industrial use would temporarily impact the revenues of small and mid-sized companies into metal fabrication, automotive components, shipbreaking, paper, and engineering. These typically do not have captive oxygen plants and source their requirement through merchant suppliers for operations such as welding, cutting, cleaning

Passenger vehicles likely to see higher revenue growth next fiscal: Report

Passenger vehicles likely to see higher revenue growth next fiscal: Report
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