New Delhi, March 24 -- Shares of state-run GAIL India saw a significant uptick of up to 6 percent on Monday, March 24, following new developments related to the Petroleum and Natural Gas Regulatory Board (PNGRB). The move comes as the PNGRB invited public comments on proposed amendments to natural gas tariff regulations, which are expected to positively impact gas transmission companies.

The PNGRB has received suggestions and comments from the industry committee concerning the tariff framework for natural gas. The proposed reforms aim to bring more flexibility to the tariff structures, particularly through updated cost pass-through mechanisms and volume-based assumptions. These changes would amend the Natural Gas Pipeline Tariff Regulati...