GAIL, IPICOL sign MoU for developing clean energy projects in Odisha

11 Jan 2022 CW Team

According to an official statement, the scope of the MoU includes, among other things, preparing a feasibility study for the proposed plants, as well as promoting the production of environmentally friendly fuels in Odisha.

Green hydrogen would assist industries in reducing aggregate greenhouse gas (GHG) emissions, thereby contributing to the overall goals of the central government's INDC targets. Odisha, as a power surplus state, is looking to strengthen its position in the power sector, and these new plants will help Odisha-based heavy industries meet their growing power needs.

Hemant Sharma, the Principal Secretary to the Odisha government's Industries Department, praised GAIL's active interest in establishing a Green Hydrogen plant.

Sharma told the media that Odisha has a large pre-existing market for hydrogen and that by working together to produce green hydrogen in bulk, the cost of green hydrogen for industrial use will be reduced.

GAIL is laying natural gas pipelines in Odisha, establishing a CGD project, and establishing a coal gasification plant in a joint venture, according to MV Iyer, Director.

GAIL (India) Limited is India's leading natural gas company, with diversified interests in trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, E and P, and other areas of the natural gas value chain. It owns and operates a natural gas pipeline network spanning the length and breadth of the country, totalling 13,340 km. It is also executing multiple pipeline projects at the same time to increase the spread. GAIL has a 70% market share in gas transmission and a 50% market share in gas trading in India.

Image Source

GAIL (India) Limited and the Industrial Promotion and Investment Corporation of Odisha (IPICOL) signed a Memorandum of Understanding (MoU) on Wednesday for cooperation in the areas of green hydrogen, green ammonia, and renewable energy for the production of eco-friendly fuels in Odisha. According to an official statement, the scope of the MoU includes, among other things, preparing a feasibility study for the proposed plants, as well as promoting the production of environmentally friendly fuels in Odisha. Green hydrogen would assist industries in reducing aggregate greenhouse gas (GHG) emissions, thereby contributing to the overall goals of the central government's INDC targets. Odisha, as a power surplus state, is looking to strengthen its position in the power sector, and these new plants will help Odisha-based heavy industries meet their growing power needs. Hemant Sharma, the Principal Secretary to the Odisha government's Industries Department, praised GAIL's active interest in establishing a Green Hydrogen plant. Sharma told the media that Odisha has a large pre-existing market for hydrogen and that by working together to produce green hydrogen in bulk, the cost of green hydrogen for industrial use will be reduced. GAIL is laying natural gas pipelines in Odisha, establishing a CGD project, and establishing a coal gasification plant in a joint venture, according to MV Iyer, Director. GAIL (India) Limited is India's leading natural gas company, with diversified interests in trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, E and P, and other areas of the natural gas value chain. It owns and operates a natural gas pipeline network spanning the length and breadth of the country, totalling 13,340 km. It is also executing multiple pipeline projects at the same time to increase the spread. GAIL has a 70% market share in gas transmission and a 50% market share in gas trading in India. Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..