Currently, India’s natural gas consumption stands at approximately 189 million MMSCMD, with over half of it being imported. The ongoing geopolitical tensions are impacting gas supply to key textile centers like Surat and Ferozepur.

The government has issued a Natural Gas Control Order to prioritize essential sectors, but this hasn’t alleviated the uncertainty faced by industrial buyers. They continue to grapple with fluctuating prices and supply issues.

Key facts:

• GAIL is paying premium prices of $17-$20 MMBtu for urgent cargoes, compared to usual spot prices of $12-$15 MMBtu.
• The government’s aim for 80% allocation stability for industrial consumers limits production capacity.
• The current conflict has severely disrupted global fuel trade routes, affecting India’s industrial consumers.

This situation indicates that the high prices are placing a significant burden on energy-intensive sectors like textiles. As one observer noted, “This high price indicates a considerable burden for energy-dependent industries like the textile sector.” But how will manufacturers cope?

Officials have not confirmed if there will be any immediate relief measures. The textile industry is vital for India’s economy, employing millions and contributing significantly to exports. Without stable gas supplies, its future appears uncertain.

The post Natural Gas Crisis Hits India’s Textile Sector appeared first on crypto.

“With profound grief and deep sorrow, we inform the passing of Padma Bhushan Dr Vijaypat Kailashpat Singhania. A visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations,” announced Gautam Singhania on the microblogging platform ‘X’.

Vijaypat Singhania, who died at the age of 87, was a towering figure in the Indian textile industry and served as the former chairman of the Raymond Group for two decades until 2000. His contributions were recognized not only through his leadership but also by receiving the prestigious Padma Bhushan award.

Born on October 4, 1938, in Kanpur, Vijaypat transformed Raymond into a leading brand, significantly impacting the textile landscape in India. His adventurous spirit was exemplified by holding a world record for the highest altitude achieved in a hot air balloon.

Despite his successes, his later years were marked by a family-business succession crisis with his son Gautam, who eventually took over a 37 percent stake in the company.

Vijaypat’s last rites were performed on March 29, 2026, attended by prominent figures including Deputy Chief Minister Eknath Shinde. His funeral was a testament to the respect he garnered throughout his life.

Devendra Fadnavis remarked, “His contribution to the textile industry, his philanthropy and adventurous spirit will continue to inspire generations together.” This sentiment was echoed by others, including Varsha Gaikwad, who expressed her sadness over the loss of such a significant figure in Indian industry.

Nawaz Modi Singhania, reflecting on their relationship, stated, “He was father-like to me, was one of the greatest men I will ever have the honour of knowing.” Such tributes highlight the profound impact Vijaypat had on those around him.

As the industry and his family navigate this loss, Gautam Singhania’s leadership will be crucial in carrying forward his father’s legacy, ensuring that the values and vision of Vijaypat Singhania continue to inspire future generations.

The post Gautam Singhania Mourns the Loss of His Father, Vijaypat Singhania appeared first on crypto.