GAIL India plans to conduct oil exploration work in Rajasthan soon

28 Dec 2022 CW Team

The state-run GAIL India will conduct exploration and production of mineral crude oil, natural gas, and coal bed methane (CBM) in the 486.39 square kilometre Barmer-Jaisalmer block.

The block has been allotted to GAIL India for three plus nine months in the seventh cycle under the Open Acreage Licensing Policy. The exploration licence was issued on the recommendation of the Union petroleum and gas ministry.

Rajasthan is one of the top oil producers in the country's inland. It produces approximately 100,000 barrels of crude oil and 4.1 to 4.4 million cubic metres of gas per day. ONGC and Oil India are currently producing petroleum and gas in Barmer and Jaisalmer. ONGC has nine licences, while Oil India has two.

Similarly, Vedanta has received nine exploration licences, followed by Oil India (5) and ONGC and GAIL India with one each.

Agarwal stated that exploration was also taking place in Bikaner and Sriganganagar.

Also read:
ONGC set to award contracts to hire six oil rigs a day
Petronet LNG to set up floating LNG terminal at Gopalpur

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..