OIL and ONGC Sign Joint Operating Agreement for Three OALP-IX Blocks

13 Aug 2025 CW Team

Oil India (OIL) and Oil & Natural Gas Corporation (ONGC) have signed a Joint Operating Agreement (JOA) for three exploration blocks awarded under the OALP Bid Round IX, covering a total area of about 10,965 sq. km.

The blocks include:

MN-UDWHP-2023/1 (Mahanadi Basin): Located in the ultra-deep waters of the Bay of Bengal with bathymetry beyond the 2,500-metre isobath.
AS-ONHP-2022/2 (Assam Shelf Basin): Situated southwest of Meghalaya in one of the most challenging exploration terrains, offering new hydrocarbon prospects.
CB-ONHP-2022/2: Onshore block in the Cambay Basin.

The signing ceremony took place on August 12, 2025, at Deendayal Upadhyay Urja Bhavan, New Delhi. The agreement was signed by Anup Kumar, Executive Director (E&D), OIL, and Dinesh Singh, Chief (Exploration JV & BD), ONGC, in the presence of senior officials from both companies.

This collaboration marks a significant step in strengthening the synergy between the two national oil companies to advance hydrocarbon exploration, enhance energy security, and support sustainable growth in India’s energy sector.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..