The Exchange has sought clarification from GAIL (India) Limited with respect to recent news item captioned CNG outage cripples Mumbai during rush hours as autos, cabs stay off road. The response from the Company is awaited.
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NSE has asked GAIL (India) Limited to respond to a recent news article titled 'CNG outage cripples Mumbai during rush hours as autos, cabs stay off road.' The report suggests that CNG supply disruption impacted auto-rickshaws and taxis in Mumbai during peak hours. GAIL, being one of the key natural gas suppliers in the region, has been asked to clarify the situation. The company's official response to the exchange is still awaited.
This is a routine clarification request and not a regulatory action. However, if the supply disruption is confirmed and prolonged, it could raise concerns about GAIL's distribution reliability and may invite scrutiny from city authorities. Investors should watch for the company's response for clarity on the cause, duration, and impact on volumes.