Sign in

Gujarat State Petronet share price locked at 20% lower circuit. Here's why

Gujarat State Petronet share price: The company's shares were down 20% at 302.30 apiece on the BSE in morning trade.

Updated on: Apr 22, 2024, 10:03:03 IST
Share
Share via
  • facebook
  • twitter
  • linkedin
  • whatsapp
Copy link
  • copy link

The share price of Gujarat State Petronet was locked at 20% lower circuit today (April 22). This comes after Petroleum and Natural Gas Regulatory Board (PNGRB) cut pressure transmission tariff on the Gujarat State Petronet's Gujarat pipeline network by 47%. The company's shares were down 20% at 302.30 apiece on the BSE in morning trade.

Gujarat State Petronet share price locked at 20% lower circuit. Here's why (Image source: Pexels)
Gujarat State Petronet share price locked at 20% lower circuit. Here's why (Image source: Pexels)
  • HT News Desk
    ABOUT THE AUTHOR
    HT News Desk

    Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More