Sustained high Henry Hub prices pressuring petrochemical margins
Petrochemical segment posted a loss of INR 299 crore in Q2 due to high input gas costs (~$10.6/mmbtu). If Henry Hub remains elevated, losses may persist.
GAIL / Q2-FY26 / risks
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GAIL (India) · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Delay in integrated tariff approval from PNGRB
The integrated pipeline tariff submission (INR 78) is pending approval. Any adverse ruling could impact transmission revenue expectations.
Reduction in domestic gas allocation for LPG shrinkage
New gas allocation for LPG shrinkage was reduced from 0.32 mmscmd to 0.2 mmscmd from Oct 1, 2025, estimated to impact H2 production by 33 TMT.
Power sector demand may not recover as expected
Government plans to phase out imported gas for power could limit demand recovery, despite management's expectation of 2-3 mmscmd power volume returning in FY27.