Business Update6 Mar 2026, 07:11 pm
Gujarat Narmada Valley Fertilizers & Chemicals Limited Affected by Force Majeure Notice due to Middle East War
AI Summary
The ongoing war in the Middle East has led to a Force Majeure Notice from Petronet LNG Limited (PLL) to GAIL (India) Limited, affecting the supply of Re-gasified Liquefied Natural Gas (RLNG). This has consequently impacted the supply of RLNG to Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) under its agreement with GAIL. The supply has been restricted to 60% of the Daily Contracted Quantity (DCQ) on an overall basis with effect from March 06, 2026. This will affect the production of Neem Urea, while the manufacturing of other products remains unaffected as of now. The likely impact of this ongoing event cannot be estimated at this point.
Key Highlights
- The Middle East war has led to a Force Majeure Notice from PLL to GAIL, affecting the supply of RLNG.
- The supply of RLNG to GNFC has been restricted to 60% of the DCQ on an overall basis.
- This will affect the production of Neem Urea at GNFC.
- The impact of this ongoing event cannot be estimated at this point.
- GNFC is closely monitoring the situation and will keep the Stock Exchanges informed of any material developments.