Adani Total Gas reduces prices for industrial customers
pre-market1 source ↓written by the desknot a recommendation
- industrial users
- ₹82.95 per SCM
- ₹119.90 per SCM
- effective
- 16 Mar 2023
- of their contracted
- 40%
Adani Total Gas Ltd has reduced the price of excess natural gas for select industrial users to ₹82.95 per SCM from ₹119.90 per SCM, effective 16 Mar 2023. This adjustment comes amid lower upstream gas prices and aims to ensure equitable gas distribution during supply disruptions.
The company previously urged industrial clients to limit consumption to 40% of their contracted volumes due to ongoing LNG supply challenges. This price cut may enhance demand from industrial sectors amid current market conditions.
Not investment advice. For informational purposes only.