INOX wins contract to build Bahamas’ first Mini LNG terminal

18 Nov 2024 CW Team

INOX India (INOXCVA) has secured a significant contract with Island Power Producers Limited (IPP) to design, engineer, and supply a Mini LNG receiving and regasification terminal in The Bahamas. This will be the first such facility in the country and will provide natural gas to IPP's 60 MW power plant, supplying shore power to cruise ships docked at Nassau Cruise Port.

The terminal will feature 10 vacuum-insulated LNG tanks, each with a 1,500 m3 capacity, and a state-of-the-art regasification system. This project is the largest order in INOXCVA’s LNG division to date. The terminal will also serve as a model for LNG distribution in remote locations, promoting cleaner energy sources in the region.

Once operational, the terminal will help the Bahamas meet its carbon reduction goals and support the growing adoption of LNG as a low-carbon fuel for power generation. This project comes on the heels of a similar LNG terminal completion in Antigua.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..