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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; board rejig sees Phani Kishan, Rahul Bothra elevated Tata Sons listing in public interest: Shapoorji Pallonji Mistry Tata Power partners with CORE Academy to train renewable energy workforce Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Coal India absorbs price shock despite sharp rise in operational costs Pepperfry opens first factory outlet in Pune, expands offline footprint Toyota Kirloskar Motor partners Wipro 3D to set up CoE in additive manufacturing Taazé brings in Varun Chakaravarthy, Aishwarya Rajesh as investors Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh Ajmera Realty jumps 3% as record FY26 pre-sales lift sentiment Hyatt eyes acquisitions to scale up India presence 5X in 5 yrs MWL shares edge up after vendor empanelment Godrej Properties shares rise on record FY26 results; stock up 1.7% in afternoon trade Nifty crosses 24,000; IT stocks bleed as broader market rallies India's Jio-BP does not plan to raise fuel prices, CEO says Nykaa opens luxury Charlotte Tilbury flagship boutique in India Om Power Transmission IPO subscribed 46% on day 2 morning Crude surge, geopolitical tensions weigh on IT; financials, paints outperform RBI moots delay and kill switch feature to combat rising online frauds Reliance caps fuel sales at $11 per pump amid growing shortages Sanjay Khanna appointed BPCL CMD Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Eli Lilly’s Mounjaro loses ground to less-expensive semaglutide generics & innovator Novo Nordisk’s products Freshworks appoints Kuntal Vahalia Senior Vice President, Partnership Channel HRS Aluglaze bags ₹27-crore order Capri Global Capital to raise ₹500 crore through debenture issue Brand Concepts bets on premium push with Off-White entry, eyes metro expansion Skoda VW eyes 5% india market share; Taigun facelift unveiled Systematix Private Wealth aims ₹40,000-crore AUM in five years Blockchain For Impact launches $50-m innovation platform for medtech ecosystem TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; FY26 profit sees marginal growth ABD Maestro launches ZOYA Pink Mix Berries Gin at ₹2,500 in Maharashtra Anand Rathi Wealth Q4 profit jumps 41%; board announces bonus issue, dividend Hilton ties up with Royal Orchid Hotels to add 125 hotels Aimtron Electronics bags ₹57.66 crore IIoT and AI surveillance orders Granules India to tighten oversight after US FDA warning, exec says Wow! Momo Foods to add 200 outlets; eyes ₹1,200 cr revenue in FY27 Adani Green Energy's arm inks pact with UAE’s Minerva to develop renewable energy projects in India Mercedes to hike prices again; luxury market splits with BMW US market to dent India pharma earnings even as domestic growth remains firm: Report Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit, raises forecast Adani shares slide lower after rally on fresh SEC case developments ASK Property Fund exits two realty investments for ₹400 crore Tata Trusts trustee Vijay Singh earned ₹20 cr in fees, commission from Tata firms Japanese global cosmetic brand KOSE shares strategy with special attention to India Glenmark gets USFDA nod for generic progesterone vaginal inserts NCLAT upholds NCLT order on distribution of funds from a resolution plan Premier Energies bags orders worth ₹2,577 cr in Q4 FY26 JBM Auto to raise $500 Mn as 10,000-bus order book surges
West Asia Effect: Think Gas targets to add 4-5 lakh PNG consumers by December 2026
Rishi Ranjan Kala · 2026-06-27 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
For instance, around 10.02 lakh PNG connections have been gasified and infrastructure created for additional 3.22 lakh connections, since March 2026. Besides, another 9.94 lakh customers have been registered for new connections.

For instance, around 10.02 lakh PNG connections have been gasified and infrastructure created for additional 3.22 lakh connections, since March 2026. Besides, another 9.94 lakh customers have been registered for new connections. | Photo Credit: SIDDHANT THAKUR

Think Gas is targeting to add 4-5 lakh piped natural gas (PNG) consumers by December 2026 as the country’s second largest city gas distribution (CGD) firm aims to tap the momentum created by the government to migrate liquefied petroleum gas (LPG) consumers to piped gas.

“Four to five lakh households is what we ideally would love to have by December (2026), and we are working towards that. Hopefully we will be achieving that number, and the ecosystem will help us,” Vinukumar S Balakrishnan, Chief Marketing & Commercial Officer at Think Gas, told businessline.

Apart from what has been identified by the PNGRB, Think Gas is also strategising on initiatives to explore avenues to expand its network, he added.

For instance, Think Gas in April 2026 unveiled a first-of-its-kind GIS-enabled Integrated Network Availability platform, which enables customers to instantly check availability of PNG connections in their locality and apply seamlessly, simplifying access.

“The PNGRB gave us a number, close to four lakh, which we had to add. We are confident that we’ll be able to add those numbers. The idea being that now this is a very innovative approach they have taken in the sense that they are trying to enable us in terms of how we can maximise the infrastructure,” Balakrishnan noted.

West Asia effect

The year 2026 marks a significant turning point for the CGD sector, which began with the Petroleum and Natural Gas Regulatory Board’s (PNGRB) PNG National Drive 2.0 to add more consumers to Domestic PNG (D-PNG). The effort got a major push with the current West Asian conflict as the government in a bid to conserve LPG initiated policy measures to accelerate adoption of D-PNG.

The results are encouraging. For instance, around 10.02 lakh PNG connections have been gasified and infrastructure created for additional 3.22 lakh connections, since March 2026. Besides, another 9.94 lakh customers have been registered for new connections.

Balakrishnan agrees that the government push amidst the West Asian conflict helped migrate higher LOG consumers to PNG.

“I think the government helped us a lot in trying to give whatever visibility. The challenge was not really the volumes (LNG supply), because I think we had enough resources from where volumes could have come. What was challenging for the industry is the visibility in trying to understand what will be happening two weeks or four down the line and especially in the early stages of the crisis in March and that was really the challenge,” he noted.

On India adding more than a million PNG connections since March, he said the government actually utilised this situation very efficiently.

“It was an adversity, but created an opportunity out of it. Many of the long pending nagging issues related to permissions, authorities and all that cost of time have been streamlined and rationalised to a great extent in this period. In a very short period we have done this. Going forward we expect better penetration as compared to now. The PNGRB drive helped us,” he added.

Going ahead, he expresses optimism on the drive to add more PNG consumers.

“In many ways you can say the numbers, though they are better than what we’ve seen in the past, I still feel it was from a cold start. So, the numbers probably are only going to improve from now, because now people are actually working on the ecosystem, vendor supply network, manpower power, material planning, and all that. So I think these numbers are going to improve from here,” Balakrishnan emphasised.

As of May 2026, the company has expanded its network with more than 17,781 inch km of steel pipeline and over 23,912 inch km of Medium Density Polyethylene pipeline (MDPE). Its infrastructure is spread over 49 districts covering 10 per cent of India’s land mass and roughly 18 million households across 10 States. It has 19 geographical areas (GAs). 

Published on June 27, 2026