Gujarat Gas Limited has informed the Exchange about Disruption of Operations
GUJGASLTD · price
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Awaiting price reaction for this filing.
Gujarat Gas has informed the exchange that the ongoing war in the Middle East has severely constrained the availability of R-LNG (Regasified LNG), disrupting its gas supply. The company has issued Force Majeure notices to its industrial customers under existing Gas Supply Agreements, restricting Daily Contracted Quantity from March 6, 2026. War-related events are not covered under the company's insurance policy. The financial impact cannot be estimated at this stage as the situation is ongoing, and the company will provide further updates as developments unfold.
Short-term revenue and volume hit for Gujarat Gas as industrial gas supplies are curtailed. The inability to estimate the financial impact and the exclusion of war from insurance coverage may weigh on the stock in the near term, though the event is external and beyond the company's control.