The company said it is witnessing rising inflationary pressures across its supply chain as a result of the disruption.
Export consignments to the Middle East have also been impacted. To manage the situation, the company said it is re-routing shipments and putting in place alternate logistics arrangements.
“Please be advised that these changes may result in additional shipping costs and extended lead times,” the company said in a statement.
It added that while steps are being taken to monitor and mitigate the challenges, unforeseen risks and unavoidable circumstances could lead to short-term fluctuations in the cost and availability of certain inputs.
Shares of Precision Wires India Ltd were trading 6.97% lower at ₹319.05 on Thursday. Despite the decline, the stock has gained nearly 30% so far this year.
