GAIL shares decline as tariff approval falls short of company proposal
GAIL’s stock dropped sharply after the PNGRB approved a tariff of ₹65.69 per MMBtu, below the company’s proposal and effective one year later than requested. The decision limits near term revenue gains for the transmission business. The fall comes despite GAIL’s strong long term fundamentals and leading position in gas transmission and marketing.
By Finblage Editorial Desk
1:42 pm
28 November 2025
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