India's city gas distribution sales face 8-10% dip due to West Asian conflict: Crisil
Analysis of this story by et_companies · 13 Mar 2026, 4:35 PM IST (about 2 months ago)
AI Analysis
Geopolitical tensions are directly impacting energy imports, affecting the demand-supply dynamics for city gas distributors. The ability to pass on costs is crucial for maintaining profitability.
Trading Insight
Monitor CGD companies for volume trends in industrial/commercial segments versus resilient CNG/PNG. Look for companies with strong balance sheets to weather the storm.
Quick check: IGL bearish bias (-3.2% 1d), MGL bearish bias (-1.2% 1d).
Key Evidence
- •City gas sales face 8-10% dip due to West Asian conflict.
- •LNG imports are impacted.
- •Industrial and commercial users will see supply cuts.
- •CNG and domestic PNG remain insulated.
- •Companies can pass on price hikes.
Affected Stocks
IGLIndraprastha Gas Ltd
Mixed
Potential dip in overall sales but insulated domestic/CNG segments and ability to pass on costs.
MGLMahanagar Gas Ltd
Mixed
Potential dip in overall sales but insulated domestic/CNG segments and ability to pass on costs.
GUJGASLTDGujarat Gas Ltd
Mixed
Potential dip in overall sales, especially in industrial, but ability to pass on costs.
Sources and updates
Original source: et_companies
Published: 13 Mar 2026, 4:35 PM IST
Last updated on Anadi News: 13 Mar 2026, 5:19 PM IST
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