New Delhi, March 5 -- Maharatna PSU stock GAIL India rebounded on Thursday, March 5, snapping its four-day losing streak even as the company informed bourses about supply disruptions from one of its long-term suppliers, Petronet LNG.
In an exchange filing earlier today, GAIL India said that Petronet LNG has issued a Force Majeure notice on March 3, 2026, under its Gas Sale and Purchase Agreement due to the escalating tensions in the Middle East, which has not only affected the Strait of Hormuz but also shut down Qatar's Ras Laffan facility.
Furthermore, QatarEnergy, PLL's upstream LNG supplier, has also issued a communication indicating a potential Force Majeure event owing to the recent hostilities in the region.
Force majeure refers ...
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