Overview
- The new price applies only to usage beyond 40% of contracted volumes that industrial customers are currently permitted to draw.
- Prices for CNG and piped gas to households remain unchanged under the government’s prioritisation of essential segments.
- The revised rate took effect at 6:00 am on March 16 after the company cited easing upstream prices.
- ATGL said other excess-gas terms remain in place and it has sought clarification from GAIL on a referenced 80% supply for industrial users.
- Shares fell more than 12% over two sessions and the stock was placed under short-term Additional Surveillance Measure by BSE and NSE.