Due to the fire break-out at ONGC Gas Processing Plant, Hazira, in the early hours of Thursday, about 30 MMSCMD of natural gas supplies into GAil's north-western pipeline network (HVJ system) was immediately shut-off by the upstream major, to contain any further damage.
In the force majeure event triggered by the ONGC Hazira incident, supply cuts upto 40% against current allocations has been imposed on the downstream customers. However, uninterrupted supplies are continued to be maintained to the CGD customers for supporting domestic kitchens (D-PNG) and public transportation (CNG).
GAIL north-western pipeline grid supports about 80 MMSCMD and there is no damage to the network due to the unfortunate incident at ONGC facilities at Hazira.
GAIL is committed for safe operation of the pipeline network and is maintaining close coordination with ONGC teams at the site, towards speedier restoration of natural gas supplies through alternative systems.
Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.82.85 as compared to the previous close of Rs. 85.7. The total number of shares traded during the day was 806143 in over 5456 trades.
The stock hit an intraday high of Rs. 85.4 and intraday low of 82.3. The net turnover during the day was Rs. 67575324.