Overview
- The Ministry of Petroleum and Natural Gas issued the Natural Gas (Supply Regulation) Order, 2026 on March 9, putting household PNG and CNG for transport at the top of the allocation queue during supply stress.
- Adani Total Gas disclosed that some vendors curtailed deliveries because of West Asia tensions, leading to reduced supplies for certain industrial customers.
- The company said it is evaluating operational and commercial implications, coordinating with authorities, and considering internal measures to limit disruption and maintain network stability.
- The stock hit a 20% upper circuit on March 11 with unusually heavy volumes, and other gas-linked shares including Gujarat Gas, Petronet LNG, GAIL, IGL and MGL also advanced.
- On March 12, the shares rose as much as 14% intraday to Rs 650, leaving the two-day gain near 39% despite broader market pressure.