GAIL stock falls as tariff hike disappoints market
after close1 source ↓written by the desknot a recommendation
- transmission tariffs
- ₹65.69 per MMBtu
- 12% increase
- ₹58.6
- the company sought
- ₹78 per MMBtu
- in early trading
- 6%
The Petroleum and Natural Gas Regulatory Board has revised GAIL's transmission tariffs to ₹65.69 per MMBtu, a 12% increase from ₹58.6. However, this is below the ₹78 per MMBtu the company sought. Following the announcement, GAIL shares dropped over 6% in early trading, indicating market disappointment.
Not investment advice. For informational purposes only.