GAIL stocks rise 18% after PNGRB simplifies regulations
OIL & GAS

GAIL stocks rise 18% after PNGRB simplifies regulations

On Wednesday, GAIL (India) share's jumped 8% to Rs 120 on BSE on the back of higher volumes in an otherwise restrained market. In the previous three trading days, after the oil regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) informed regulations for a consolidated gas distribution tariff structure, the stock of GAIL (India) has increased by 18%.

The stocks have been trading at their highest levels since February 2020.

The tariffs will be applicable based on the structure of the two zones related to the distance from the gas source. The stock has risen 42% over the past month compared to a 12% increase in the S&P BSE Sensex.

Finalised city gas distribution (CGD) network regulations regarding common carriers were announced by PNGRB. The highlights of the CGD regulations include:

  • Unrestricted access in geographical areas (Carbon) where marketing exclusivity has ended.
  • Open-access capability shall be at least 20% of the CGD network capacity.
  • Compression capacity or the full quantity of gas streaming through the CGD network or compressors for a duration of one day in the past, whichever is greater.
  • Access to CNG or LCNG stations run by dealers and franchises of authorised entities will not be considered as a third-party shipper.

Also Read: PNGRB’s new open-access proposal faces backlash

On Wednesday, GAIL (India) share's jumped 8% to Rs 120 on BSE on the back of higher volumes in an otherwise restrained market. In the previous three trading days, after the oil regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) informed regulations for a consolidated gas distribution tariff structure, the stock of GAIL (India) has increased by 18%.The stocks have been trading at their highest levels since February 2020. The tariffs will be applicable based on the structure of the two zones related to the distance from the gas source. The stock has risen 42% over the past month compared to a 12% increase in the S&P BSE Sensex. Finalised city gas distribution (CGD) network regulations regarding common carriers were announced by PNGRB. The highlights of the CGD regulations include: Unrestricted access in geographical areas (Carbon) where marketing exclusivity has ended. Open-access capability shall be at least 20% of the CGD network capacity. Compression capacity or the full quantity of gas streaming through the CGD network or compressors for a duration of one day in the past, whichever is greater. Access to CNG or LCNG stations run by dealers and franchises of authorised entities will not be considered as a third-party shipper. Also Read: PNGRB’s new open-access proposal faces backlash

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement