Shares of fell sharply today after the Petroleum and Natural Gas Regulatory Board (PNGRB) announced a 12 per cent upward revision in transmission tariffs.
The tariff revision is lower than street expectations.
The new tariff order, which raises the integrated pipeline rate from ₹58.60 per MMBtu to ₹65.69, will come into effect from January 1, 2026.
The stock traded at ₹174.10 on the BSE at 12.30 pm after falling 6.5 per cent to ₹171.80 in early trade today. It closed at ₹183.80 in the previous trading session.