Yes

>>Adani Total Gas jumps 32% over five days as the Strait of Hormuz crisis unfolds.

Adani Total Gas jumps 32% over five days as the Strait of Hormuz crisis unfolds.

crypthub

1 day ago

ATGL Stock Surge

Adani Total Gas Limited’s share price has jumped more than 32% in the last five trading sessions. The stock rallied to ₹644.85 on Friday, up over 6% from the prior close of ₹607.60. At the time of writing it trades around ₹614.70, reflecting continued investor optimism.

Government Priority Allocation

The Indian government issued the Natural Gas (Supply Regulation) Order, 2026, assigning priority gas access to essential domestic, commercial and industrial users. ATGL, a city‑gas distributor, praised the move and warned its industrial customers to curb usage amid tighter supplies. The firm highlighted the order’s focus on domestic PNG, CNG, and industrial/commercial PNG deliveries.

Impact of Middle East Conflict

India relies on imports for more than half of its natural‑gas needs, with many shipments passing through the Strait of Hormuz. Iranian forces have blocked the passage, using it as a pressure tool against the US and its allies. Analysts expect the blockage to persist, prolonging supply disruptions and keeping gas markets volatile.