Gujarat Cuts Gas Prices For Morbi, Thangadh Ceramic Units

06 Jan 2026 CW Team

In a major relief for the ceramic industry, the Gujarat government has announced a reduction in natural gas prices for ceramic units located in Morbi and Thangadh–Surendranagar. As part of the decision, Gujarat Gas Limited has lowered the price of natural gas supplied to ceramic manufacturers operating under the minimum guarantee offtake agreement by Rs 4.50 per cubic metre. The revised rates will apply to ceramic units in both Morbi and the Thangadh–Surendranagar cluster.

The price reduction will come into effect from January 1, 2026, offering immediate cost relief to ceramic manufacturers that have been grappling with elevated energy prices. Gujarat Gas Limited has already communicated the revised tariffs to the concerned industrial units across the two regions.

Industry representatives welcomed the move, saying the lower gas prices would help reduce production costs, improve price competitiveness and support growth in the ceramic sector, which is a key contributor to Gujarat’s industrial economy.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..