Kirit Parikh panel suggests floor and ceiling price for gas

02 Dec 2022 CW Team

On Wednesday, a government-appointed gas price review panel led by Kirit Parikh delivered its report to the government, recommending a floor and ceiling price for legacy fields as well as complete pricing freedom beginning January 1, 2026.

A fixed pricing band for gas from legacy fields, which account for two-thirds of all natural gas produced in the country, would ensure a predictable pricing regime for producers while also lowering prices of CNG and piped cooking gas, which has risen by 70% since last year due to an increase in input costs.

The panel suggested that the price of gas produced by state-owned firms from fields given to them on a nomination basis be linked to imported crude oil prices rather than benchmarked to gas rates in international markets, according to Parikh, who added that the rates thus arrived at would be subject to a floor and ceiling.

The panel agreed that there should be no changes to the existing pricing formula for fields with difficult geology,

Also Read
Kotak Mahindra Bank arm invests Rs 5.50 bn in Sanghi Cement maker
Noida Airport to survey for phase II land acquisition

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..