MUMBAI Feb 20 Gujarat Gas Co Ltd (GGAS.BO) said on Friday the volume of gas supplies from GAIL India Ltd (GAIL.BO) has reduced by 31 percent, following a force majeure event.
GAIL's supplies account for more than 80 percent of Gujarat Gas' total gas supply and has affected the latter's sale mainly to industrial customers, it said in a statement adding the intimation for force majeure was for an indefinite period.
Ahead of the news, shares in Gujarat Gas ended 1.05 percent lower at 213 rupees in the Mumbai market.
(Reporting by Kaustav Roy; editing by Sunil Nair)
Trending On Reuters
The Supreme Court told tobacco companies on Wednesday they must adhere to a new federal rule requiring much larger health warnings on cigarette packs, in a major setback for the $11 billion industry that opposes the new policy. Full Article