The shutdown has been effective from March 17, the company said in an exchange filing, citing disruptions linked to the ongoing geopolitical conflict involving Iran, the US and Israel.
The company said HPCL has stopped supplying propylene, a critical feedstock for its operations, leading to the suspension of plant activities.
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Andhra Petrochemicals added that operations will resume once the supply of propylene is restored, and the company will inform exchanges accordingly.
The development comes amid broader disruptions in global energy markets due to escalating tensions in West Asia, which have impacted supply chains for key inputs.
Shares of the company were trading 38.64 as of 11.50 am on Tuesday. The stock has declined 33.39% in the past six months.Â
Also read | Trump admits US didn’t expect Iran to attack West Asia countries, says ‘we were shocked’
