More Stories

Informist, Thursday, Mar. 5, 2026

--GAIL: Assessing if need to cut gas supply to downstream customers 

MUMBAI – GAIL (India) Ltd. Thursday said it is assessing the need to cut gas supply to downstream customers. The move comes after Petronet LNG Ltd. Wednesday issued a force majeure notice due to constraints faced by certain LNG vessels arising from restrictions owing to the US-Iran conflict.

LNG supplies to GAIL from other sources remain unaffected, the company said in an exchange filing. "At this stage, the potential impact of the ongoing Force Majeure situation cannot be quantified," the company said. The allocation of LNG quantities to GAIL has been reduced to zero with effect from Wednesday due to supply restrictions imposed by Petronet LNG.

At 1334 IST, shares of GAIL (India) were traded at INR 156.93 apiece on the National Stock exchange, up over 1.5%. For the December quarter, the company reported a net profit of INR 16.03 billion on revenue of INR 340.76 billion.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Prateem Rohanekar

Edited by Avishek Dutta

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.