Government Cuts Natural Gas Prices

03 Oct 2024 CW Team

The Indian government has reduced the natural gas price for October 2024, lowering it from $7.85 per million British thermal units (MMBtu) to $7.48/MMBtu. This adjustment reflects changes in the global energy markets, aiming to make natural gas more affordable for industries reliant on it, such as power generation, fertilizers, and city gas distribution. The price reduction is expected to ease operational costs for these sectors, ensuring more economical use of energy resources across the country.

This decision aligns with the government's broader strategy to provide balanced energy prices, stabilize market fluctuations, and support domestic economic growth. By reducing natural gas prices, the government hopes to mitigate inflationary pressures on energy-intensive sectors while promoting a shift toward cleaner energy sources.

Industries like power plants and city gas distribution networks will particularly benefit from this reduction, as it helps manage fuel costs while ensuring reliable energy supply. Additionally, consumers who rely on piped natural gas (PNG) and compressed natural gas (CNG) are likely to see a positive impact on their energy bills, leading to further economic advantages.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..