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

09 Feb 2026

Eicher Delivers First 13.5 m Electric Intercity Sleeper Bus

Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd., has recently delivered its first 13.5 m electric intercity sleeper bus, marking a key milestone in India’s long-distance electric mobility segment. The first bus is being operated by LeafyBus, with plans to deploy 35 buses by March 2026 across high-demand intercity corridors in North India.The initial deployment will cover routes such as Delhi–Dehradun and Delhi–Lucknow, supporting LeafyBus’ expansion across environmentally sensitive and high-density travel corridors.Commenting on the partnership, Suresh Chettia..

HCSS Showcases Unified Construction Platform at CONEXPO 2026

HCSS will recently present the next evolution of its connected construction management platform at CONEXPO-CON/AGG 2026, bringing together construction workflows, data and teams on a single platform across the entire project lifecycle. The event will be held from 3–7 March 2026 in Las Vegas, Nevada. HCSS will host two booths at the show, demonstrating how its integrated software ecosystem enables seamless collaboration between the office, field and shop, from bid stage through to project closeout. Steve McGough, President and CEO, HCSS, said, “For 40 years, we’ve done everything within..

Berger Paints Q3 Profit Declines Despite Volume Growth

Berger Paints India has reported a mixed performance for the quarter ended 31 December 2025, with healthy volume growth and margin improvement offset by softer demand conditions and cost pressures. On a consolidated basis, revenue from operations for the quarter stood at Rs 29,840 million, compared to Rs 29,751 million in the corresponding quarter last year, reflecting a marginal increase of 0.3 per cent. EBITDA (excluding other income) was Rs 4,710 million, slightly lower than Rs 4,717 million a year earlier. Net profit declined by 8.3 per cent to Rs 2,713 million from Rs 2,960 million. Sta..