Shares of Gujarat Gas fell sharply up to 7 per cent in early trade on Thursday after the company warned of supply constraints due to the ongoing war in West Asia, which has disrupted the availability of regasified liquefied natural gas (R-LNG).
Gujarat Gas shares fall 6.6% to ₹390 in early trade
Stock trades at ₹392.60, down 6 per cent at 10.03 am
Company issues force majeure notices amid West Asia war disrupting R-LNG supplies
Impact of supply disruption cannot be estimated yet, says company in exchange filing
The stock declined 6.6 per cent to an intraday low of ₹390 compared with the previous close of ₹417.60 on the NSE. At 10.03 am, Gujarat Gas was trading 6 per cent lower at ₹392.60. The stock had earlier touched a 52-week low of ₹364.50 on March 4, 2025.
Gujarat Gas stock movement
The decline comes after the company informed the stock exchanges on March 4, 2026, about potential disruptions in gas supply arising from geopolitical tensions in the region.
In a statement to the exchanges on Wednesday, Gujarat Gas said the ongoing conflict has severely affected the gas supply situation. “This is to inform that in light of the recent ongoing war in the Middle East region impacting the gas supply scenario, the availability of R-LNG has become severely constrained,” the company said.
As a result, the company has issued force majeure notices to its industrial customers, restricting the daily contracted quantity of gas supplies from March 6, 2026.
Accordingly, the company has issued force majeure notices to its industrial customers in terms of the provisions of the gas supply agreements restricting the daily contracted quantity effective from March 6, 2026.
The company also noted that acts of war are not covered under the insurance policy taken by Gujarat Gas. It added that the financial impact of the force majeure situation cannot be determined at this stage.
Published on March 5, 2026