West Asia Conflict Could Reduce Daily City Gas Sales by Up to 10%

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West Asia Conflict Threatens India's City Gas Sales by 10%, Crisil Warns

Mahanagar Gas | Axis Securities has added net cash and investments at a 30% discount to arrive at a target price of ₹1,540 per share for Mahanagar Gas. This implies an upside of 36% from current levels.

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CNBC TV18•13-03-2026, 16:48

West Asia Conflict Threatens India's City Gas Sales by 10%, Crisil Warns

•India's City Gas Distribution (CGD) sector faces an 8-10% decline in daily sales volumes due to the West Asia conflict.
•Supply disruptions, intensified by QatarEnergy's force majeure at Ras Laffan, are tightening natural gas availability.
•PNG I&C segment, heavily reliant on imported LNG, will be most affected; CNG and PNG-D less so due to domestic supply.
•Crisil Ratings expects profitability to be cushioned by the ability of companies to pass on higher input costs to consumers.
•Despite potential moderation in operating cash accruals, the sector's credit profile remains resilient with strong liquidity.

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