India's gas distributors rise on gov't order to streamline gas infra, ease approvals

Gujarat Energy

25/03/2026 04:11

** Shares of Gujarat Gas GGAS.NS and Mahanagar Gas MGAS.NS rise 2% and 4.6%, respectively

** Ministry of Petroleum and Natural Gas issues order to strengthen natural gas infrastructure and improve ease of doing business

** Order aims for time-bound approvals with deemed clearance provisions to reduce delays, provide standardised charges and procedures to ensure transparency, predictability

   ** Order asks to provide seamless access for authorised entities to lay and expand pipelines across regions

   ** Adds, will ensure consumer-centric reforms to improve access to piped natural gas

   ** GGAS rated "hold", MGAS rated "buy" on avg, per data compiled by LSEG

   ** YTD, GGAS falls 20%, MGAS down 18%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))