Gujarat Energy

April 27 (Reuters) - Rudra Gas Enterprise Ltd RUDA.BO:

• RUDRA GAS ENTERPRISE LTD - ENTERING INTO AGREEMENT WITH GAIL (INDIA) AND GUJARAT GAS

• RUDRA GAS ENTERPRISE - GETS CONTRACT FOR LONG TERM SUPPLY OF CBG TO RETAIL OUTLETS OF GUJARAT GAS

• RUDRA GAS ENTERPRISE - MONTHLY BILLING OF 12.5 MILLION RUPEES

Source text: ID:nnAZN4SSWUD

Further company coverage: RUDA.BO

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April 23 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• SUPPORTS REVIVAL OF MORBI CERAMIC INDUSTRY WITH ASSURED GAS SUPPLY

Source text: ID:nNSE3DBCqT

Further company coverage: GGAS.NS

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April 21 (Reuters) - Rudra Gas Enterprise Ltd RUDA.BO:

• RUDRA GAS ENTERPRISE LTD - TO ENTER TRIPARTITE AGREEMENT WITH GAIL AND GUJARAT GAS

• RUDRA GAS ENTERPRISE LTD - AWARDED CONTRACT TO TRANSPORT COMPRESSED BIO GAS TO GUJARAT GAS

• RUDRA GAS ENTERPRISE LTD - MONTHLY BILLING OF ABOUT 10 MILLION RUPEES AS PER CURRENT PRICING

Source text: ID:nBSEc3jwRr

Further company coverage: RUDA.BO

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April 20 (Reuters) - ** Gujarat Gas GGAS.NS shares gain as much as 1.21% to 367.20 rupees; last up 0.32%

** Corporate affairs ministry approves merger of group companies into gas distributor

** Nomura ("buy", TP: 390 rupees) says merger should simplify group structure and be earnings-accretive, estimating about 88% upside to EPS

** Adds, co can use about 72 billion rupees ($772.70 million) of accumulated tax losses to offset future taxes

** GGAS rated "hold" on average by 29 analysts, median PT 440 rupees - data compiled by LSEG

** YTD, stock down about 11.5%

($1 = 93.1800 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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** Adani Total Gas ADAG.NS jumps 14%; Gujarat Gas GGAS.NS, Indraprastha Gas IGAS.NS up 3.4% and 7.2%, respectively

** Petronet LNG PLNG.NS, Mahanagar Gas MGAS.NS, GAIL (India) GAIL.NS gain as much as 3.5%, 3.5% and 3.1%, respectively

** India invokes emergency measures to divert LNG supplies to priority users after disruptions through Strait of Hormuz, prompting review of gas allocations across sectors

** Government orders supplies to be rerouted to households, autos, fertiliser plants

** Macquarie remains positive on midstream and downstream gas firms on expectations of volume recovery in FY27

** But warns Q1 FY27 earnings may be hit and recovery in volumes could be delayed due to supply disruption

(Reporting by Yagnoseni Das in Bengaluru)

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By Neha Arora and Sethuraman N R

NEW DELHI, March 10 (Reuters) - Scores of small Indian steel producers have warned of production cuts as the escalating Middle East conflict disrupts gas supplies to the world's biggest producer of the alloy after China, industry officials said.

"We are looking at a 50% production cut as of now and a complete halt ahead, if supplies don't improve within a week," Yogesh Kanakiya, director at Triveni Iron and Steel Industries, told Reuters.

Triveni Iron and Steel Industries is based in the western state of Gujarat, the country’s largest gas-consuming region, which relies on the Middle East for much of its liquefied natural gas.

Several small steel mills in Gujarat depend on imported LNG.

Most gas producers, including Gujarat Gas GGAS.NS declared force majeure last week to restrict gas supplies to industries.

"We work on wafer thin margins and our margins have shrunk," said Anshum Goyal, managing director and promoter at Friends Steel Group in Gujarat. "We are concerned over supplies and it is affecting our decision-making in terms of prices we need to keep."

Producers in other parts of India are also grappling with rising coal costs fuelled by geopolitical tensions, adding pressure on margins.

About 6% of India's steel output uses gas-based direct reduced iron, or DRI, while roughly 50% depends on coal-fired blast furnaces.

"The ongoing geopolitical tensions have led to roughly a 10-12% increase in coal and freight costs," said Rahul Mittal, chairman of the Sponge Iron Manufacturers Association.

India produces around 50 million metric tons of sponge iron annually, largely used by secondary steel producers as raw material.

The impact of falling gas supplies has been exacerbated by sharp rises in imported coal prices.

South African thermal coal prices at Indian ports jumped by around 10-13% last week to a three-year high due to firmer freight rates and broader Middle East tensions, commodities consultancy BigMint said.

Coal buying in India has become more cautious amid higher freight costs and elevated global coal prices, said Vasudev Pamnani, director at Gujarat-based coal trader i-Energy Resources.

(Reporting by Neha Arora and Sethuraman NR; editing by Mayank Bhardwaj and Susan Fenton)

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** Gujarat Gas GGAS.NS falls 6% to 392.45 rupees

** Co restricts gas supply to industrial clients under force majeure clause due to escalating Middle East conflict

** U.S.-Israeli war on Iran disrupts fuel shipments in region, affects Qatar - India's key LNG supplier

** Nearly 700,000 shares traded, 1.7x the 30-day moving avg

** YTD, GGAS down 4.8%

(Reporting by Kashish Tandon in Bengaluru)

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March 4 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• GUJARAT GAS - AVAILABILITY OF R-LNG SEVERELY CONSTRAINED

• GUJARAT GAS - ISSUES FORCE MAJEURE NOTICES RESTRICTING DAILY CONTRACTED QUANTITY EFFECTIVE MARCH 6, 2026

• GUJARAT GAS - AVAILABILITY OF R-LNG HAS BECOME SEVERELY CONSTRAINED

Source text: ID:nBSE3CpnxL

Further company coverage: GGAS.NS

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Feb 2 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• POSITRON ENERGY LTD - GETS ORDER WORTH 60.4 MILLION RUPEES FROM GUJARAT GAS

Further company coverage: GGAS.NS

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** Shares of Gujarat Gas GGAS.NS rise as much as 2.8% to 405.65 rupees, last up 2%

** Co's Q3 profit rises 20% year on year to 2.67 billion rupees despite a dip in revenue

** JP Morgan says gas price environment is favorable for GGAS, but expect little improvement in the company's volume outlook as the subdued volume environment weighs on margins

** Morgan Stanley says gas competitiveness should get incrementally more favourable as LNG supply increases from the U.S.; sees positive triggers lined up for GGAS, with new global gas supply as co has relatively higher exposure to LNG

** Co on avg rated "hold" by 29 anlaysts; median PT at 432.50 rupees- according to data compiled by LSEG

** GGAS fell 17.3% in 2025

(Reporting by Brijesh Patel in Bengaluru)

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Jan 20 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• GUJARAT GAS DEC-QUARTER CONSOL NET PAT 2.67 BILLION RUPEES

• GUJARAT GAS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 38.65 BILLION RUPEES

Source text: ID:nnAZN4S1B1S

Further company coverage: GGAS.NS

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BENGALURU, May 19 (Reuters) - Diary of India economic, corporate events on May 19

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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April 18 (Reuters) - India on Friday said it has introduced enhancements to the domestic gas allocation policy with an aim to strengthen the framework for sustained availability and affordability of natural gas.

Under these new directions, from the first quarter of fiscal 2026, domestic natural gas allocations for compressed natural gas (CNG) and piped natural gas (PNG) segments will be done on a two-quarter advance basis, the government said in a statement.

Allocation will also now include new well gas (NWG) from nomination fields of the two state explorers, Oil and Natural Gas Corporation ONGC.NS and Oil India OILI.NS with auction-based allocation for new well gas being replaced with a quarterly pro-rata allocation, to ensure timely and reliable supply, the statement added.

With both administered pricing mechanism gas (APM) and new well gas prices linked to Indian crude basket prices, which are calculated monthly, the government sees the allocation of domestic gas to make natural gas more affordable for CNG and PNG consumers after recent decline in crude prices.

The allocation of natural gas sold under government-set APM has fallen over the years because of lower output at domestic wells. This has led to India's city gas distribution companies like Mahanagar Gas MGAS.NS, Indraprastha Gas IGAS.NS, Gujarat Gas GGAS.NS seeing their margins squeezed in last few quarters.

These policy measures come at a time when the government has cut APM gas allocation to city gas distribution companies by 18%-20%, effective April 16.

(Reporting by Ashish Chandra in Bengaluru, Editing by Franklin Paul)

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Feb 5 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• DEC-QUARTER NET PAT 2.22 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 43.33 BILLION RUPEES

Source text: [ID:]

Further company coverage: GGAS.NS

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Nov 6 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• SEPT-QUARTER CONSOL NET PAT 3.09 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 39.49 BILLION RUPEES

Source text: [ID:]

Further company coverage: GGAS.NS

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Aug 30 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• GUJARAT GAS - APPROVED DEMERGER OF GAS TRANSMISSION BUSINESS FROM GGL INTO GSPL TRANSMISSION

Source text for Eikon: ID:nNSE7qjZqH

Further company coverage: GGAS.NS

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BENGALURU, May 16 (Reuters) - GAIL (India) GAIL.NS, India's top natural gas distributor, posted a smaller-than-expected quarterly profit on Thursday, hurt by weakness in its natural gas marketing business.

Net profit rose more than three-fold to 21.77 billion rupees ($260.8 million) for the March quarter, but fell short of analysts' estimate of 28.29 billion rupees, according to LSEG data.

The state-run company's natural gas marketing segment, which accounts for the bulk of its overall revenue, declined nearly 10%.

Lower gas marketing margins due to a fall in spot LNG prices have been weighing on distribution companies, analysts said.

The company's total revenue slipped 0.9% to 32.33 billion rupees during the January-March period.

Shares of GAIL, which have risen about 20% so far this year, settled 2.6% lower on Thursday.

($1 = 83.4700 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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May 6 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• - DIVIDEND 5.66 RUPEES PER SHARE

• GUJARAT GAS MARCH-QUARTER NET PAT 4.1 BILLION RUPEES VERSUS PROFIT 3.69 BILLION RUPEES

• GUJARAT GAS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 42.94 BILLION RUPEES VERSUS 40.74 BILLION RUPEES

Source text for Eikon: ID:nNSE9PXTMX

Further company coverage: GGAS.NS

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April 15 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• CO, INDIAN OIL CORPORATION HAVE SIGNED A NON-BINDING MEMORANDUM OF UNDERSTANDING

• UNDER MOU IOCL PROVIDING LIQUID FUELS AT GGL OUTLETS

• UNDER MOU IOCL PROVIDING AUTOMOTIVE LUBRICANTS, GREASES, SPECIALTIES AT GGL OUTLET

• UNDER MOU GGL SETTING UP OF CNG MOTHER FACILITY AT IOCL OUTLETS

Source text for Eikon: [ID:]

Further company coverage: GGAS.NS

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March 15 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• TO INVITE EXPRESSION OF INTEREST FROM CERAMIC CUSTOMERS

Source text for Eikon: ID:nBSE21dQB5

Further company coverage: GGAS.NS

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March 7 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:

• CO, BHARAT PETROLEUM CORPORATION HAVE ENTERED INTO A MEMORANDUM OF UNDERSTANDING

• MOU TO COLLABORATE ON VARIOUS FRONTS TO STREAMLINE OPERATIONS AND IMPROVE SERVICE DELIVERY

• MOU WITH BPCL FOR PROVISION OF LIQUID FUELS

• MOU WITH BPCL FOR EXPANSION OF CNG INFRASTRUCTURE

• MOU FOR SETTING UP CNG MOTHER FACILITY AT BPCL OUTLETS

Further company coverage: BPCL.NS

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Feb 13 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• GUJARAT GAS LTD DEC-QUARTER NET PAT 2.2 BILLION RUPEES VERSUS 3.71 BILLION RUPEES

• GUJARAT GAS LTD DEC-QUARTER REVENUE FROM OPERATIONS 40.84 BILLION RUPEES VERSUS 38.21 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GGAS.NS

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By Sethuraman N R

QUITOL, India, Feb 6 (Reuters) - India's city gas distributor Mahanagar Gas said it will consider hiking gas prices for customers if a shortfall in subsidised supply persists, a company executive said.

Companies including Indraprastha Gas IGAS.NS, Gujarat Gas GGAS.NS, Mahanagar Gas MGAS.NS have seen their margins squeezed because the allocation of natural gas sold under government-set Administered Pricing Mechanism (APM) has fallen because of lower output at domestic wells. To make up the shortfall, the companies have to buy gas on the more expensive open market.

APM allocations are expected to further decline as explorer Oil and Natural Gas Corp ONGC.NS slashed its peak output from the KG-D6 basin in January.

"In December, we have seen some disruptions in APM gas allocations and eventually as the gas demand increases, the allocations will come down," said Ashu Shinghal, managing director of Mahanagar Gas.

"Right now we are absorbing costs, if APM allocations go down further we will take a call on price hikes," Shinghal said.

Shinghal expects the company's gas demand to rise by 6% to 7% from a year ago in the fiscal year 2025.

Demand from the industrial, commercial sector has been good and Asian liquefied natural gas prices are expected to be stable, Shinghal added.

(Writing by Mohi Narayan; Editing by Christian Schmollinger)

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Jan 31 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• SIGNED MEMORANDUM OF UNDERSTANDING WITH HINDUSTAN PETROLEUM CORPORATION

• HPCL MOU FOR PROVIDING LIQUID FUELS AT CO'S OUTLETS, FOR CO TO SET UP CNG FACILITY AT HPCL OUTLETS

Source text for Eikon: ID:nNSE99QRGM

Further company coverage: GGAS.NS

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Nov 2 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• INDIA'S GUJARAT GAS Q2 NET PAT 2.98 BILLION RUPEES; REFINITIV IBES PROFIT EST. 2.68 BILLION RUPEES

• GUJARAT GAS Q2 REVENUE FROM OPERATIONS 39.91 BILLION RUPEES

• GUJARAT GAS YEAR AGO Q2 NET PAT 4.04 BILLION RUPEES, REVENUE 41.08 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GGAS.NS

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Sept 21 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• SHAREHOLDING IN GUJARAT GAS LTD INCREASED FROM 4.981% TO 5.012%

Source text for Eikon: ID:nBSE6FsDq7

Further company coverage: GGAS.NS

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Aug 2 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• Q1 NET PAT 2.15 BILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 39.24 BILLION RUPEES

• YEAR AGO Q1 NET PAT 3.81 BILLION RUPEES, REVENUE 53.03 BILLION RUPEES

Further company coverage: GGAS.NS

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May 10 (Reuters) - Gujarat Gas Ltd GGAS.NS:

• MARCH-QUARTER NET PAT 3.69 BILLION RUPEES VERSUS 4.44 BILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 40.74 BILLION RUPEES VERSUS 47.73 BILLION RUPEES

• RECOMMENDED DIVIDEND OF 6.65 RUPEES PER SHARE

Further company coverage: GGAS.NS

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