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Covid-19 Impact: Shuttered Buyers Send Force Majeure Notices To Energy Companies - The Economic Times
Posted on: April 1, 2020, 7:01 a.m.
New Delhi: Energy companies are flooded with force majeure notices from customers as the lockdown has shuttered factories and commercial establishments, destroying fuel and electricity demand.From small tile makers in Gujarat to big fertiliser and power producers, refiners, and oil & gas producers have been jolted by the global spread of Covid-19, the measures taken to stem its spread and the economic fallout.Several small factories that have shut due to the lockdown have mailed force majeure notices to city gas ... Full investment news article