loader2
Partner With Us NRI

Open DEMAT AND TRADING ACCOUNT WITH ICICIDIRECT

  • 14 Mar 2022
  • ICICI Securities

Gujarat Gas restricts industrial PNG supply at 80% for March

GUJGASLTD - 555 Change: -4.95 (-0.88 %)

News: As per CNBC TV-18, Guajarat Gas has sent a price revision notice to customers amid surge in spot LNG prices and restricted gas supply .

Views: The company has restricted supply to customers at 80% of industrial volume demand. If customers demand higher volume, they will be charged at higher prices. While this will help the company on margins front, industrial volume growth will be impacted in the current month.

Impact: Neutral