Gujarat Gas shares plunge 4% after 50% supply cut to industrial users amid Middle East conflict: Report

Gujarat Gas has slashed industrial gas supplies by 50% due to disruptions linked to the US-Iran conflict impacting regasified LNG availability. The company declared a Force Majeure event, citing circumstances beyond its control, as Qatar Energy's LNG production halted. This development significantly affects Gujarat Gas, which relies heavily on imports, particularly from Qatar.