ONGC’s Low-Cost APM Gas Falls, Costlier Supply to Distributors Doubles

22 Apr 2025 CW Team

Oil and Natural Gas Corporation (ONGC) has witnessed a decline in production of low-cost Administrative Price Mechanism (APM) gas from ageing fields, prompting state-owned Gas Authority of India Ltd (GAIL) to cut supply to city gas distributors such as Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL), and Adani Total Gas Ltd by up to twenty per cent.

APM gas, allocated to ONGC on a nomination basis and priced at ten per cent of the Indian crude oil basket (with a floor of USD four and a ceiling of USD 6.75 per million British thermal units), currently meets thirty-four per cent of total city gas demand, down from fifty-one per cent.

To compensate, GAIL has replaced the shortfall with New Well Gas, priced at twelve per cent of the crude basket, averaging close to USD 8 per million British thermal units. ONGC’s supply of this higher-priced gas has doubled to 6.8 million standard cubic metres per day.

This shift is expected to impact the profitability of CGD firms, many of whom have already announced or are considering price hikes to maintain margins.

Source: Press Trust of India

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..