GAIL, Coal India Form JV for Natural Gas Infrastructure Project

28 Mar 2025 CW Team

GAIL (India) and Coal India have announced the formation of a joint venture to develop a coal-to-synthetic natural gas (SNG) project in the eastern coalfields. The initiative will be undertaken through a newly established subsidiary named Coal Gas India.

Both state-owned Maharatna companies disclosed the development through separate exchange filings on 25 March. Coal Gas India Limited has been set up with an authorised share capital of Rs 110 million and an initial paid-up capital of Rs 1 lakh. Of this, Coal India has contributed Rs 51,000, while GAIL has contributed Rs 49,000.

The Ministry of Corporate Affairs has issued the certificate of incorporation for Coal Gas India, formally registering the entity under Indian corporate laws. The shareholding structure reflects Coal India’s majority stake with 5,100 equity shares, each valued at Rs 10, and GAIL’s holding of 4,900 equity shares of the same value. This gives Coal India a 51 per cent ownership in the joint venture, with GAIL holding the remaining 49 per cent.

The primary objective of the joint venture is to implement the coal-to-SNG project and facilitate the utilisation of the synthetic gas produced, aligned with prevailing market conditions. This project is expected to contribute to India's energy diversification efforts and reduce reliance on traditional fossil fuels.

On the day of the announcement, share prices of both companies declined. Coal India's stock dropped by 1.84 per cent, closing at Rs 398.40, marking its second consecutive day of losses. Meanwhile, GAIL India’s share price fell by 2.07 per cent to Rs 177.55, ending its five-day winning streak.

News source: Business World

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..