Gail (India) Ltd Reports Material Price Movement on Share Price; PNGRB Proposes Reduction of Unified Zonal Tariff

Gail (India) Ltd reported a material price movement on its share price on 24th March, 2025. The company has acknowledged a news report regarding draft amendments to natural gas tariff regulations by PNGRB, which includes proposals such as reduction of Unified Zonal tariff from three to two zones, applicability of first zone unified tariff for 'CNG and PNG-Domestic' segment of City Gas Distribution (CGD) Networks, revising tariff of cost-plus isolated networks by volume-based assumptions, and claiming fuel cost based contractual LNG pricing. These regulations, if notified without changes, may have various impacts such as no significant change for pipeline entities, incentivization of CGD development, and potential positive impacts on transmission tariffs. However, the company cannot confirm if the material price movement is due to this news report.