Axis Energy To Invest Rs 300 bn In Underground Coal Gasification

06 May 2026 CW Team

The company said it plans to acquire expertise and engineering capabilities to carry out in situ gasification, and to engage with regulators and stakeholders as projects progress. Initial activity will focus on site assessment and pilot wells prior to commercial deployment, the company added. Axis Energy expects a phased rollout but did not disclose a detailed timeline or the locations under consideration. The announcement follows increased industry interest in converting deep coal reserves to synthesis gas for power and industrial use.

The investment figure converts to 300 bn after standard crore to million conversion and is intended to cover capital expenditure, technology licensing and operational setup. Axis Energy indicated that the programme will target technical demonstration before scaling to commercial units and that it will adapt designs to local geology. The company suggested that UCG may offer an alternative route to utilise stranded coal resources while lowering surface disturbance compared with conventional mining. It also signalled plans to evaluate environmental safeguards and monitoring systems.

Industry analysts noted that UCG deployment requires careful regulatory oversight and robust risk management to address groundwater and subsidence risks, the company said it will work with authorities to meet standards. The firm indicated that successful commercialisation could supply synthesis gas for power generation and downstream chemical manufacture. Axis Energy portrayed the initiative as part of a drive to diversify fuel sources and enhance energy security.

Axis Energy will invest Rs 300 bn to develop underground coal gasification (UCG) projects, the company said, and will acquire proprietary technology to support in situ conversion of coal. The move represents a major commitment to commercialise UCG at scale and follows a strategic review of alternative fuels and feedstocks. The company said the funds will be deployed across technology acquisition, pilot development and scaling of operations. Axis Energy intends to position UCG as a component of its broader energy portfolio. The company said it plans to acquire expertise and engineering capabilities to carry out in situ gasification, and to engage with regulators and stakeholders as projects progress. Initial activity will focus on site assessment and pilot wells prior to commercial deployment, the company added. Axis Energy expects a phased rollout but did not disclose a detailed timeline or the locations under consideration. The announcement follows increased industry interest in converting deep coal reserves to synthesis gas for power and industrial use. The investment figure converts to 300 bn after standard crore to million conversion and is intended to cover capital expenditure, technology licensing and operational setup. Axis Energy indicated that the programme will target technical demonstration before scaling to commercial units and that it will adapt designs to local geology. The company suggested that UCG may offer an alternative route to utilise stranded coal resources while lowering surface disturbance compared with conventional mining. It also signalled plans to evaluate environmental safeguards and monitoring systems. Industry analysts noted that UCG deployment requires careful regulatory oversight and robust risk management to address groundwater and subsidence risks, the company said it will work with authorities to meet standards. The firm indicated that successful commercialisation could supply synthesis gas for power generation and downstream chemical manufacture. Axis Energy portrayed the initiative as part of a drive to diversify fuel sources and enhance energy security.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..