Indian gas distributors gain as India offers incentives to boost piped connections

Gujarat Energy

19/08/2026 05:01

** Shares of city gas distributors Indraprastha Gas IGAS.NS, Mahanagar Gas MGAS.NS and Gujarat Energy GJAA.NS  rise between 1% and 4.3%
** India is offering incentives to city gas distributors to boost domestic connections of piped cooking gas as the Iran war disrupts fuel shipments and drives up import costs
** The incentive, effective Sept, will provide these companies with 200 standard cubic metres of cheaper, domestically produced gas for every household they connect to that starts using and paying for piped natural gas 
** MGAS rises 3.6% and IGAS climbs 4.3%; GJAA up 1% on the day
** MGAS has fallen 4.9% since start of Iran war, while IGAS has shed 8.7%; GJUAA slumped 21.7%     
** YTD, GJAA slumps 22.7%, IGAS down 20% while MGAS up 1.5%


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))