Adani Gas invokes ‘force majeure’ amidst Covid-19 lockdown

Adani GasNSE -0.56 % has declared ‘force majeure’ as demand from transport, industrial and commercial users have declined and construction work at all of its upcoming city gas distribution project sites have stopped amid the Covid-19-triggered lockdown.

The Gautam Adani-led utility firm that sells piped natural gas (PNG) to households and compressed natural gas (CNG) for vehicles hopes to make up for the lost time on new projects once the lockdown is over and is sticking to its capital expenditure plan of Rs 1,500 crore for the current fiscal, its CEO Suresh Manglani has said.

“Adani Gas has invoked the force majeure provisions of the PNGRB (Petroleum Natural Gas and Regulatory Board) regulations,” Manglani said on Friday. “We hope to work with the regulator because the intensity or duration of Covid-19 is not known.”