The government has decided to prioritize gas supply for household PNG and CNG, which may lead to curtailments for industrial users. Analysts from Nomura estimate that a 20% reduction in gas supply to industrial and commercial segments could impact Mahanagar Gas Limited (MGL) and Indraprastha Gas Limited (IGL) by approximately 3% each on their volumes.

Gujarat Gas Limited, which supplies around 49% of its total volume to industrial and commercial consumers, is expected to face a more significant impact of around 10% on its volumes due to this curtailment. In contrast, Mahanagar Gas has about 16% of its total gas distribution allocated to industrial and commercial segments, while Indraprastha Gas has around 13%.

The situation has also affected domestic LPG connections in Noida, where the minimum waiting period for booking a refill has increased to 25 days from 21 days. Noida currently has around 10 lakh LPG connections, and Ghaziabad has approximately 12 lakh. Notably, about 8,000 LPG connections in Noida and around 15,000 in Ghaziabad are classified as commercial.

Despite these challenges, the supply of PNG and CNG in the region has continued without interruption. The gas supply network in western Uttar Pradesh is connected to the Hazira-Vijaipur-Jagdishpur pipeline operated by GAIL (India) Limited, ensuring a steady supply for essential services.

Authorities have issued directions to ensure that domestic consumers do not face inconvenience in LPG supply, emphasizing the need to maintain household gas availability amid the curtailment for industrial users. The government’s decision to prioritize gas supply for essential segments may lead to a scarcity of gas for industrial and commercial use.

As the situation develops, observers are closely monitoring the impact on gas supply and the potential long-term effects on companies like IGL and MGL. Details remain unconfirmed regarding how these changes will affect overall gas distribution and consumer access in the coming weeks.

The post Igl: Impact of Gas Supply Curtailment on and Other Companies appeared first on The Business News.

Adani Total Gas Limited (ATGL) shares jumped 13.08% to Rs 534.25 following a price hike for industrial clients, reflecting the company’s response to ongoing supply challenges. The stock reached a high of Rs 544.00 and a low of Rs 474.90 during the trading session on March 11, 2026.

Over 40% of ATGL’s daily contract quantity is now priced at Rs 119 per standard cubic metre, a significant adjustment that has contributed to the surge in share price. A total of 59.44 lakh shares were traded, with a total traded value of Rs 316.62 crore, indicating robust market activity.

Despite the recent gains, ATGL’s year-to-date returns stand at -9.74%, while the one-year returns are at -10.21%. The volume-weighted average price (VWAP) for the stock is reported at Rs 532.25, suggesting that while the stock has seen a positive spike, it has faced significant challenges over the past year.

The rise in ATGL’s share price is closely linked to supply problems arising from the ongoing conflict in the Middle East. Qatar, a major supplier of liquefied natural gas (LNG) to India, has halted LNG production due to the conflict, significantly reducing gas supplies to the country. India imports around 40% of its LNG from Qatar, making the situation particularly impactful for companies like ATGL.

In comparison, ATGL trades at a price-to-earnings (P/E) ratio near 58.5x, which raises concerns among analysts about its high valuation. For context, competitors Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL) have P/E ratios of approximately 44.2x and 39.8x respectively, indicating that ATGL’s valuation may be stretched in the current market environment.

Analysts have expressed caution regarding the sustainability of ATGL’s recent price increases. The volatility in global LNG markets and potential regulatory reviews could impact future performance. Details remain unconfirmed regarding how long the current price adjustments will hold and whether they will stabilize or lead to further fluctuations.

As the situation evolves, market observers are keenly watching ATGL’s performance and the broader implications of the ongoing conflict in the Middle East on India’s gas supply chain. The future trajectory of ATGL’s share price will depend on both external market conditions and internal company strategies to navigate these challenges.

The post Atgl share price appeared first on The Business News.