OIL And GAIL Sign MoU To Boost Gas Collaboration

03 Oct 2025 CW Team

Oil India Limited (OIL) and GAIL India Limited (GAIL) have signed a Memorandum of Understanding (MoU) to strengthen collaboration across the natural gas value chain, aimed at expanding cleaner energy access and supporting India’s energy transition.

The agreement was signed by the Director (Marketing), GAIL, and Director (Operations), OIL, in the presence of senior officials from the Ministry of Petroleum & Natural Gas (MoPNG), including the Secretary, Additional Secretary and Joint Secretary, along with the CMDs of both companies.

The MoPNG Secretary described the partnership as a timely step to enhance domestic gas availability and ensure reliable access to demand centres nationwide. He said such collaborations are vital to achieving the Government’s goal of a gas-based economy.

CMD, GAIL, said the partnership would strengthen energy security, widen natural gas access, and accelerate the shift to cleaner energy. CMD, OIL, noted that the MoU would leverage OIL’s upstream capabilities with GAIL’s marketing and distribution expertise to create value while supporting the transition to a gas-based economy.

Separately, Oil India last week confirmed the presence of natural gas in its second exploratory well, Vijayapuram-2, in the Andaman Shallow Offshore Block under the Open Acreage Licensing Policy. Preliminary testing indicated natural gas inflows, with isotope studies under way to evaluate its hydrocarbon potential.

Ahead of the announcement, Oil India’s shares closed at Rs 414.00, down 0.78 per cent on the NSE.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..