LPG Crisis Disrupts IT Firms as Canteen Services Cut, Employees Told to Pack Lunches A severe shortage of liquefied petroleum gas (LPG) has led to significant disruptions in the operations of major Indian IT firms, with companies like Infosys, TCS, Cognizant, and Wipro reducing or suspending canteen services. Employees are now being instructed to bring their own packed lunches, marking a shift from the usual convenience of office cafeterias. The crisis, attributed to the ongoing conflict in West Asia, has left many IT workers scrambling to adapt to the new norm, particularly those living in hostels or PGs where home cooking is not an option. The LPG shortage has forced companies to drastically cut food services, with some canteens operating only basic meals like dal and rice. For instance, Infosys’ Pune canteen committee advised employees to “carry their own tiffins” due to limited gas supplies, while TCS campuses in Pune and Bengaluru began serving only minimal options such as lemon rice and sandwiches. Cognizant’s Pune campus reportedly shut down live counters offering South Indian dishes and pulao, leaving only rice plates available. Similarly, Wipro’s Hinjewadi campus halted fast food and Chinese counters, relying solely on rice plates as vendors struggled with the gas crunch. The impact is most pronounced for employees without access to home cooking. Many IT workers, who often reside in PGs or hostels, rely on office canteens for meals. With canteens now serving only basic fare or operating at reduced capacity, thousands face the inconvenience of preparing their own food. Pavanjit Mane, President of the Forum for IT Employees Maharashtra, highlighted the plight of 2–3 lakh IT workers in Pune who depend entirely on canteens or eateries. He urged companies to consider allowing hybrid work arrangements until LPG supplies stabilize.#tcs #lpg_shortage #wipro #infosys #cognizant
Stocks to Watch Today: Wipro, Omnitech, KEC International, Motherson, Vascon Engineers, Borosil, Relaxo Footwears, Hatsun Agro, Redington in focus on 12 March On March 12, investors are advised to monitor several key stocks, including Wipro, Omnitech Engineering, KEC International, Samvardhana Motherson International, Vascon Engineers, Borosil, Relaxo Footwears, Hatsun Agro Product, Bharat Forge, Everest Industries, and Redington. These companies are expected to see heightened trading activity due to recent developments and market dynamics. Omnitech Engineering has secured a multi-year contract for business and technology modernization for TruStage’s retirement services division. TruStage, based in Madison, Wisconsin, is an insurance and financial services provider. Additionally, the company received a five-year contract worth Rs 920 crore from Weatherford Products GmbH through a Master Purchase Agreement. KEC International has been awarded new orders totaling Rs 1,476 crore for transmission and distribution projects across India, the Middle East, Africa, and the Americas. This brings its year-to-date order intake to Rs 22,800 crore. Samvardhana Motherson International has finalized the purchase of a 100% stake in Yutaka Autoparts India, part of a broader acquisition strategy involving Yutaka Giken Co Ltd and Shinnichi Kogyo. The tender offer for Yutaka Giken shares closed on March 10, with 14,08,867 shares tendered at JPY 3,024 per share, with settlement expected by March 17. Vascon Engineers has received a Rs 115.9 crore work order from Ahmedabad Municipal Corporation for the development of Lotus Park, to be completed within 24 months. The company also announced the ground-breaking of a greenfield battery pack manufacturing facility in Chennai, with an investment of Rs 400–500 crore.#wipro #omnitech_engineering #kec_international #motherson_international #vascon_engineers
Stocks to Watch, March 12: Wipro, Bharat Forge, Adani Enterprises, oil-linked stocks, Borosil, Jubilant Food, Relaxo Footwears Shares of Wipro will be closely monitored on Thursday, March 12, following the company’s announcement of a multi-year contract with US-based insurance and financial services firm TruStage. The agreement focuses on modernizing TruStage’s retirement services business through integrated business and technology solutions, aiming to enhance digital experiences and operational efficiencies. The domestic stock market is anticipated to open lower on Thursday, with NIFTY50 futures indicating an opening decline of 212 points. This suggests a cautious outlook for investors amid mixed economic signals. Indo Tech Transformers reported the cancellation of a ₹64.99 crore order for six transformers from its customer Renew Wind Energy (JAMB) Private Limited. The order, initially announced in January 2026, is now void, impacting the company’s revenue projections. Ashok Leyland, part of the Hinduja Group, announced plans to invest up to ₹500 crore in a greenfield battery pack manufacturing facility near Chennai. The project, part of an earlier MOU signed in September 2025, involves a groundbreaking ceremony and is expected to boost the company’s presence in the electric vehicle supply chain. KEC International secured new orders worth ₹1,476 crore for transmission and distribution projects across India, the Middle East, Africa, and the Americas. These include 380 kV transmission lines and substations in Saudi Arabia, as well as 132 kV projects in Africa, alongside infrastructure contracts in India and the Americas. Borosil Ltd disclosed that supply restrictions on LPG have affected production at its Jaipur facilities due to a force majeure caused by the Middle East conflict.#nifty50 #wipro #trustage #renew_wind_energy #ashok_leyland
