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INDIA CGD INDUSTRY
US-Iran peace deal: Reliance Industries, ONGC; which other oil & gas stocks will emerge as top winners and losers?A US-Iran peace deal is expected to ease oil supply risks, pushing crude prices lower. Nomura sees OMCs, CGDs, and Petronet LNG as key bene...- Adani Total Gas appoints Sanjay Pandita as CEO, effective May 22Adani Total Gas has appointed Sanjay Pandita as its new CEO, effective May 22, 2026. With 25 years of experience in the energy sector, Pand...
- Worker shortage clogs up piped gas adoption; 2030 goal seems doubtfulAccording to industry players, the workforce required to install PNG connections does not exist at the scale needed. The shortage has inten...
- Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
- LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRAIndian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and hi...
- Upstream oil and gas producers to shine in Q4, but OMCs and gas distributors face profit squeezeOil producers anticipate robust earnings for the March quarter due to soaring crude prices. Conversely, fuel retailers and city gas firms f...
- Iran war forces city gas firms to redraw strategies amid gas supply squeeze, shift focus to PNG expansionCity gas companies are shifting focus to domestic gas and accelerating pipeline construction due to supply disruptions from the Iran war. T...
- Govt shares key updates on oil, gas shortage, shipping & more amid Israel-Iran warIndia is actively managing its oil and gas supplies amidst global conflicts. Key LPG carriers are en route, and the nation is prioritizing ...
- CGD stocks slump up to 31% in a year. Can LPG crisis fuel fresh interest in IGL, GAIL, and others?City gas distribution stocks have fallen up to 31% amid an LPG crisis, with the government pushing PNG connections. Despite technical weakn...
- India suggests measures to ease 'still worrying' LPG crisis, offers 10% more commercial allocation to statesThe Indian government has expressed concern over the LPG situation, offering states an additional 10% allocation of commercial LPG. This in...
- India's city gas distribution sales face 8-10% dip due to West Asian conflict: CrisilIndia's city gas sales face an 8-10% dip due to West Asian conflict impacting LNG imports. While industrial and commercial users will see s...
- AG&P to invest Rs 8,000 crore in expanding city gas network"AG&P Pratham has invested $1 billion across the authorized geographical areas for building the network as of December 2024. We plan to inv...
- MEIL bags 15 city gas distribution projects in 9 states"In response, MEIL had bid for 43 GAs. MEIL has emerged as the successful bidder for the highest number of geographical areas (GA) across I...
- India's gas demand at inflection point, to rise by 66 per cent in 5 yearsThe bulk of the incremental demand will come from city gas distribution (CGD) operations being rolled out in 400 districts. As much as 52 m...
- L&T Infrastructure Finance to provide Rs 518 crore loan to AG&P for city gas projectsAG&P is the largest foreign player in the city gas distribution business after it won licenses to retail compressed natural gas to automobi...
- PM Modi dedicates Varanasi gas distribution project to the nationThe CGD network, which is being implemented by GAIL (India) Limited at a cost of Rs 755 crores, will cover 1,535 sq km and cater to a popul...
- GAIL to establish gas distribution network in Patna and GayaBhagalpur & Muzaffarpur would be given priority for the CGD network & the pipeline was expected to benefit around 40% population of Bihar
- GSPC, Adani raise gas prices for industrial usersSome 1,500 units to pay more, AGL cuts CNG prices. Gujarat accounts for at least one-third of gas consumption in India and CGD players are ...
- RIL, R-ADAG keen to take on city gas supply leadersThe Ambani brothers have joined hands - to promote competition in city gas distribution (CGD) projects in the country.
- Reliance cites China model to break PSU monopolyReliance Industries Ltd (RIL), India's largest private firm, has asked the Government to end the monopoly in distribution of natural gas to...
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