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FINWIRES

Gujarat Gas Sources Spot LNG to Restore Morbi Ceramic Demand After March Disruption

-- Gujarat Gas (NSE:GUJGASLTD, BOM:539336) said it sourced natural gas from non-Middle East markets to maintain supply to the Morbi ceramic cluster after geopolitical disruptions led to higher input costs and shutdown of several units in March, according to a Thursday filing on Indian bourses.

Shares of the company fell nearly 1% in Friday's trade.

Gas consumption in the cluster rose to about 2.70 mmscmd as of April 22, from 0.36 mmscmd at the end of March as operations resumed, the filing said.

The company expects demand to increase to 6 to 7 mmscmd in May 2026, it added.

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