Commercial LPG Price Hike and Supply Crisis Threaten Nagpur Restaurants Nagpur: A dramatic increase in commercial liquefied petroleum gas (LPG) cylinder prices, effective May 1, combined with persistent supply shortages and rampant black market activity, has driven restaurants and eateries in Nagpur into a severe financial crisis. Industry representatives warn that the situation is becoming unsustainable, forcing many businesses to reconsider their operations and pricing strategies. The price of a 19-kg commercial LPG cylinder has surged to Rs3,248, a sharp rise from Rs2,059 previously and significantly higher than the pre-crisis level of Rs1,944. This abrupt hike has compounded existing challenges, as establishments already struggle with irregular supply and reliance on black market purchases to maintain kitchen operations. According to multiple sources, commercial LPG cylinders are being sold in the black market at rates ranging from Rs3,500 to Rs4,500 per cylinder. With the official price already at an elevated level, there are growing concerns that illegal market rates may continue to rise, further burdening small and medium-sized food businesses. Restaurant owner Rahul Gupta highlighted the immediate impact on operational margins, stating, “The price hike directly impacts our margins. The only way forward now is to cut down the menu.” Another hotelier, who requested anonymity, pointed out that supply has not fully normalized despite official claims. “Black marketing is still happening on a large scale. Even after reducing consumption, some establishments still require four to five cylinders daily. This alone increases operational costs by around Rs5,000 per day,” he said. The crisis has also prompted a shift in energy sources for some businesses.#nagpur #lpg_crisis #bablu_tiwari #rahul_gupta #sharique_hafeez
Bharat PET Files DRHP with SEBI for ₹760 Crore Public Offer Bharat PET Ltd, an integrated packaging solutions provider, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise ₹760 crore through an initial public offering (IPO). The proposed share sale includes a fresh issue of ₹120 crore and an offer-for-sale (OFS) component of ₹640 crore. The OFS will involve the sale of stakes by promoters Deepak Gupta, Rahul Gupta, Ankur Gupta, Stuti Gupta, Sonu Gupta, Mitali Gupta, Ruchi Gupta, and Santosh Devi Gupta. The funds raised will be allocated to debt repayment, machinery and equipment procurement, and general corporate purposes. According to the DRHP, the company anticipates benefits from the equity listing, including enhanced visibility, improved brand image, and creating a public market for its shares in India. Established in 1998, Bharat PET specializes in manufacturing packaging solutions such as PET bottles, jars, multi-layer co-extruded bottles, caps, closures, preforms, and tin containers. The company primarily targets the agrochemical industry, holding an estimated 11% market share in India’s agrochemical packaging sector. As of September 2025, it operated over 500 moulds and served more than 1,500 customers across industries. Key clients include Dhanuka Agritech Ltd, Tata Consumer Products Ltd, PI Industries Ltd, Safex Chemicals India Ltd, and India Pesticides Ltd. Bharat PET’s manufacturing facilities are located in Delhi, Ankleshwar, Jammu, and Sonipat, with a total installed capacity of 18,110.53 MTPA as of September 2025. In the financial year 2024-25, the company reported revenue from operations of ₹411.82 crore and a profit after tax of ₹50.99 crore.#sebi #bharat_pet #deepak_gupta #rahul_gupta #ankur_gupta
