Mahanagar Gas Ltd reduces gas supply to industrial and commercial customers due to geopolitical issues and a directive from the Ministry of Petroleum and Natural Gas. Shares of Mahanagar Gas Ltd ended marginally higher on Wednesday, March 11, by 0.68% at ₹1,051.00 on the NSE.
Mahanagar Gas Ltd said gas supply from some of its suppliers has been curtailed amid prevailing geopolitical developments impacting global energy markets, affecting supplies to its industrial and commercial (I&C) customers.
The company said the curtailment follows the Ministry of Petroleum and Natural Gas’ Natural Gas (Supply Regulation) Order, 2026 dated March 9, which prioritises natural gas supply to domestic piped natural gas (DPNG) and compressed natural gas (CNG) segments. The order also advises companies to reduce supplies to industrial and commercial users.
In compliance with the directive, Mahanagar Gas said it has begun aligning its gas supply in accordance with the prescribed directions and is currently assessing the impact. The company added that it will continue to monitor the situation and inform stock exchanges of any material developments.
The development comes amid growing concerns over potential LPG shortages in several Indian cities, where panic buying and long queues have been reported, driven by fears that the ongoing tensions in West Asia and disruptions around the Strait of Hormuz could affect fuel shipments.
Shares of Mahanagar Gas Ltd ended marginally higher on Wednesday, March 11, by 0.68% at ₹1,051.00 on the NSE.
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