Invenire Energy to invest $500 mn in Andhra CBM block

19 Dec 2022 CW Team

Oil and gas explorer Invenire Energy will invest $500 million (about Rs 41.37 billion) over the next 10 years to produce gas from coal seams (coal bed methane, or CBM) in a block in Madhya Pradesh, its chairman Manish Maheshwari said.

Invenire Petrodyne Ltd (IPL), a subsidiary of the company, earlier won a CBM block, SP-ONHP(CBM)-2021/1, in auction. The block, saddled between the Chhindwara and Betul districts of Madhya Pradesh, is spread across 1,771 sq km.

The revenue-sharing contract for the block, which is estimated to hold 2 trillion cubic feet of resources, was signed in September. Invenire received a production licence this month.

“We plan to drill 350 wells in the first phase with a target to flow first gas in 2024,” Maheshwari said.

The block is estimated to have a plateau of 3 million standard cubic metres per day of gas, which can be used to fire power plants, manufacture fertiliser or be turned into CNG to run automobiles.

The government is focused on raising domestic natural gas production to help increase its share in India's primary energy basket to 15% by 2030 from current 6.7%.

“The full cycle investment in CBM is likely to be of the order of USD 500 million over a 10-year period,” Maheshwari said. Plateau production is likely in the 2025-26 fiscal year.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..