But with demand for medical oxygen soaring, the disruption in the supply for industrial use could hit the operations of small- and mid-sized companies engaged in metal fabrication, automotive components, shipbreaking, paper, and engineering, analysts said.
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Demand for medical oxygen rocketed fivefold in the second week of April. Liquid medical oxygen or LMO is a crucial medical requirement for the treatment of covid patients.
The government on April 18 restricted the supply of oxygen for industrial purposes. It, however, exempted some industries such as makers of ampules and vials and oxygen cylinders, pharmaceuticals, petroleum refineries, steel plants, nuclear energy facilities, wastewater treatment plants, food and water purification, and process industries that require the uninterrupted operation of furnaces. “These small- and mid-sized firms typically do not have captive oxygen plants and source their requirement through merchant suppliers for operations such as welding, cutting, cleaning, and chemical processes,” said Gautam Shahi, director, Crisil Ratings.
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