Adani Total Gas Shares Jump 24% In Five Days Amid Gas Supply Regulation and Global LNG Disruption Concerns

Mumbai, March 12: Shares of Adani Total Gas Ltd rallied sharply over the past week, rising 24.26% in the last five trading sessions to ₹609.50 as of 3:30 PM IST on March 12 2026, according to market data. The sharp move follows regulatory developments in the domestic gas sector and the company’s disclosure regarding supply disruptions linked to geopolitical tensions in the Middle East.

The stock has seen strong buying interest since March 11 2026, when the company informed exchanges that certain gas suppliers curtailed deliveries amid disruptions in LNG shipments passing through the Strait of Hormuz.

Why The Share Price Moved

In an exchange filing dated March 11 2026, Adani Total Gas Ltd said recent escalation in geopolitical developments in the Middle East affected liquefied natural gas shipments. According to the company, some suppliers invoked force majeure, leading to reduced gas supplies that impacted deliveries to certain industrial customers.

At the same time, the Natural Gas (Supply Regulation) Order, 2026 dated March 9 2026, issued by the Ministry of Petroleum and Natural Gas and published in the Gazette of India, introduced a framework prioritising domestic natural gas allocation to key sectors.

Under the order, priority is given to domestic piped natural gas (PNG) supply and compressed natural gas (CNG) for transport, followed by fertiliser production and other essential sectors. The company said it appreciates the government’s prompt steps in ensuring priority allocation for domestic consumers.

Stock Performance Snapshot

Adani Total Gas share price closed at ₹609.50 on March 12, 2026, reflecting a 24.26% gain over the past five trading sessions.

During Thursday’s session, the stock opened at ₹594.00 and touched an intraday high of ₹651.00, while the day’s low stood at ₹589.90. The company’s market capitalisation was around ₹66,770 crore at the close.

Despite the recent surge, the stock remains below its 52-week high of ₹798.00, while the 52-week low stands at ₹462.80.

What This Means For Investors

The government’s new regulation aims to maintain gas availability for essential domestic segments such as residential PNG users and the transport sector dependent on CNG.

For city gas distribution companies like Adani Total Gas, the framework could help stabilise supply to priority consumers during periods of global supply disruption. However, industrial and commercial consumers may experience reduced gas allocation depending on availability.

The company said it is currently assessing the impact of the supply curtailment and coordinating with authorities to mitigate operational disruptions.

Broader Market And Sectoral Context

The Natural Gas (Supply Regulation) Order, 2026 was issued under provisions of the Essential Commodities Act, 1955, allowing the government to regulate production, allocation, and distribution of natural gas to ensure supply stability during disruptions.

The order categorises consumers into priority segments. Priority Sector I includes domestic PNG supply and CNG for transport, while fertiliser plants fall under Priority Sector II. Certain industrial consumers supplied through the national gas grid fall under lower priority categories.

The order also directs producers, LNG importers, pipeline operators, and city gas distribution companies to comply with supply allocation guidelines coordinated by Gas Authority of India Limited (GAIL) and the Petroleum Planning and Analysis Cell (PPAC).

About The Company

Adani Total Gas Ltd is a city gas distribution company promoted by the Adani Group in partnership with TotalEnergies. The company distributes piped natural gas (PNG) to residential, commercial, and industrial consumers and supplies compressed natural gas (CNG) for the transportation sector.

The company operates across several geographical areas in India under licences issued by the Petroleum and Natural Gas Regulatory Board (PNGRB).

Conclusion

Adani Total Gas shares have gained more than 24% over the past five trading sessions ending March 12, 2026, driven by regulatory developments in the natural gas sector and concerns around global LNG supply disruptions. While the government’s new gas allocation order prioritises essential domestic segments, the company said it continues to evaluate the impact of curtailed supplies and coordinate with authorities to manage the situation.

Source;

• https://nsearchives.nseindia.com/corporate/ATGL2024_11032026131127_ATGL_Intimation_General_Updates_11032026.pdf
• https://www.nseindia.com/get-quote/equity/ATGL/Adani-Total-Gas-Limited