Gujarat Gas plunges 7% as supply curbs hit amid Middle East tensionsGujarat Gas plunges 7% as supply curbs hit amid Middle East tensions

Introduction

Leading Indian gas distributor issued force majeure notices to industrial customers, restricting gas supply from March 6, 2026, due to severe R-LNG shortages caused by the West Asia conflict.

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Share price movement of Gujarat Gas

On March 5, 2026, Gujarat Gas Ltd opened at ₹403.10, down 3.71% from its previous close of ₹418.60. The stock reached a high of ₹405.45 (−3.14%) and a low of ₹389.45 (−6.98%). By 12:17 PM, it traded at ₹391.30, a 6.52% decrease, with a market cap of ₹26,936.71 crore.

Gujarat Gas Halts Industrial Supply

Gujarat Gas Ltd has issued force majeure notices to industrial customers, restricting daily contracted gas supply from March 6, 2026, due to severe R-LNG shortages caused by the West Asia war.

The company said the ongoing conflict in West Asia has significantly constrained regasified liquefied natural gas availability, affecting overall gas supply. The measures are in line with existing gas supply agreements.

Gujarat Gas clarified that acts of war are not covered under its insurance policies. The financial impact of the force majeure event cannot be estimated at this stage.

The company said it is closely monitoring the situation and will update stock exchanges on any material developments regarding gas supply or operational impacts.

Stock performance of Gujarat Gas for period of 1 week, 6 months, and 1 year

Gujarat Gas Ltd gained 1.74% over the past week, fell 3.77% in the past 6 months, and rose 8.26% over the past 1 year.

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Shareholding pattern of Gujarat Gas

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	60.90%	60.90%	61%
FII	3.80%	3.70%	3.90%
DII	22%	22.00%	22%
Public	13.20%	13.40%	13.30%

About Gujarat Gas

Gujarat Gas Ltd (NSE: GUJGASLTD) is a government company distributing natural gas in India, providing CNG and PNG connections across domestic, industrial, commercial, and non-commercial segments in Gujarat.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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