Gujarat Gas Limited has informed the Exchange regarding a press release dated April 23, 2026, titled "Gujarat Gas Limited Supports Revival of Morbi Ceramic Industry with Assured Gas Supply and Pricing".
GUJGASLTD · price
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Gujarat Gas Limited has reaffirmed its commitment to the Morbi ceramic industry by ensuring uninterrupted gas supply and price stability amid geopolitical disruptions. The company proactively sourced gas from non-Middle East markets at spot rates to maintain supply during the crisis. Gas consumption has recovered significantly from 0.36 mmscmd (83 units) on March 31, 2026 to 2.70 mmscmd (290 units) by April 22, 2026. The company expects volumes to reach 6-7 mmscmd serving 675-700 units by May 2026. GGL has also assured price certainty for the entire month of May 2026, boosting manufacturer confidence. The revival has benefited approximately 2 lakh workers who were impacted by the temporary shutdown of manufacturing units.
The volume recovery from 0.36 to 2.70 mmscmd in under a month and projected growth to 6-7 mmscmd signals strong demand recovery for Gujarat Gas. This positive volume guidance and market share gains in the Morbi ceramic cluster could boost investor sentiment and future revenue visibility.