GAIL and OIL Ink 15-Year Gas Sale and Purchase Agreement

10 Jul 2025 CW Team

GAIL (India) has signed a Gas Sale and Purchase Agreement with Oil India Limited (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from 1st July, 2025. The agreement is to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL’s Bakhri Tibba Block of Rajasthan covering Dandewala, Tanot and Bagi Tibba fields.

The agreement was executed by Sumit Kishore, ED (Marketing-Gas), GAIL and Ranjan Goswami, ED (BD), OIL in New Delhi.

This agreement highlights the dedication of both Maharatna CPSEs in production, transportation and distribution of natural gas available from domestic gas fields demonstrating their collaborative approach to enhancing energy security and accessibility. The sourced gas will be supplied to State run power plant of Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL).

GAIL owns and operates 16,421 km network of natural gas pipelines spread across the length and breadth of country, transmitting more than 127 MMSCMD of natural gas in financial year 2024-25. It is also working concurrently on execution of multiple pipeline projects to further enhance the spread. GAIL owns and operates a gas based Petrochemical Complex at Pata and has capacity of 810 KTA at Pata and 280 KTA at BCPL. In addition, GAIL's LNG portfolio stands at 16.56 MMTPA (approximately 60 MMSCMD), accounting for 61% of India’s total LNG imports. GAIL and its Subsidiaries JVs also have a formidable market share in City Gas Distribution. GAIL is also expanding its presence in renewable energy like solar, wind and biofuel.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..