IGX Gas Trade Volume Sees Surge

12 Nov 2024 CW Team

The Indian Gas Exchange (IGX) reported a significant rise in its gas trade volume in October, with a 160% month-on-month increase, reaching 8 million MMBtu. This surge reflects growing demand for natural gas and the market's confidence in the platform's trading efficiency.

The rise in IGX's trade volume highlights the increasing importance of gas exchanges in India’s energy transition. With a shift towards cleaner energy sources, natural gas plays a crucial role in India’s energy mix. The 160% growth in October demonstrates the market's growing preference for transparent and competitive trading mechanisms, which IGX provides, offering flexibility and efficiency in the trading of natural gas.

The increase also suggests broader economic recovery and industrial demand for natural gas, positioning IGX as a key player in India’s evolving energy market. As the country looks to reduce reliance on coal and improve its carbon footprint, the growth in gas trading is aligned with government policies to promote natural gas as a cleaner energy alternative.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..