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GAIL (India) Limited ( (IN:GAIL) ) has shared an update.
GAIL (India) Limited has disclosed that its long-term LNG supplier Petronet LNG Limited has invoked force majeure, halting contracted LNG supplies to GAIL from 4 March 2026 due to navigation restrictions in the Strait of Hormuz and a reported shutdown at Qatar’s Ras Laffan liquefaction facilities, alongside a related force majeure communication from QatarEnergy. As a result, GAIL is evaluating potential supply curtailments for its downstream customers while stressing that other LNG supply sources remain unaffected so far, and the company notes that the financial and operational impact of this disruption is currently unquantifiable but is being closely monitored for further updates to the market.
More about GAIL (India) Limited
GAIL (India) Limited is a state-owned natural gas company engaged in gas transmission, marketing, and LNG trading and regasification, serving power, fertilizer, city gas distribution, and industrial customers across India. The company plays a central role in the country’s gas infrastructure and supply chain, making it sensitive to disruptions in long-term LNG sourcing arrangements.
Average Trading Volume: 1,005,978
Technical Sentiment Signal: Hold
Current Market Cap: 1085.5B INR
See more data about GAIL stock on TipRanks’ Stock Analysis page.