ONGC To Invest Rs 46 Billion In Andhra Oil And Gas Project

18 Aug 2025 CW Team

Oil and Natural Gas Corporation (ONGC) will invest Rs 46.06 billion in a large oil and gas project in Konaseema district, Andhra Pradesh.

The plan includes drilling 10 development wells, constructing two unmanned platforms, laying an offshore pipeline, and building an onshore gas processing facility at the Odalarevu Terminal. The project is part of the DSF-III contract areas KG/OSDSF/CHANDRIKA/2021 (697 sq km) and KG/OSDSF/GS49/2021 (148 sq km), awarded in September 2022.

The Environmental Management Plan (EMP) carries a capital cost of Rs 140 million and an annual recurring cost of Rs 30 million, with an additional Rs 140 million allocated under Corporate Environment Responsibility for Extended EMP.

ONGC has sought fresh environmental clearance from the Ministry of Environment and Forests, according to minutes from the Expert Appraisal Committee (EAC) meeting held on 24 July. The project requires 26.3 hectares at the Odalarevu Terminal, with 8.7 hectares—33 per cent of the total area—set aside for a greenbelt.

The project is expected to generate 150 direct jobs and 310 indirect employment opportunities. The EAC has asked for further inputs, including a biodiversity assessment and an environmental restoration plan with a dedicated budget to mitigate drilling impacts.

Real Estate

29 Sep 2025

Hiranandani Launches India’s Largest Coastal Township in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India’s largest integrated coastal township, near Mumbai in Alibaug, with an estimated revenue of Rs 170 billion. Spanning 225 acre, the township is designed as Mumbai’s lifestyle extension hub, featuring luxury homes, signature villas, plotted developments, and branded serviced apartments. Residents will have private beachfront access and a jetty, alongside five hotels covering luxury, business, and leisure segments, a mega convention centre, eco-wellness hub, beachside entertainment, and a globa..

TDI City Kundli Relaunched with Rs 1 Billion Redevelopment Plan

TDI Infrastructure has announced a Rs 1 billion investment to redevelop and relaunch the 1,100-acre TDI City Kundli, positioning it as a natural and affordable alternative for residents of North and West Delhi. Situated just 30 minutes from Delhi via the newly operational UER-2, the township currently has around 7,000 plot owners and more than 5,000 apartments.“As part of the redevelopment, we are collaborating with Resident Welfare Associations (RWAs) to upgrade 62 parks across 23 acres, improve internal roads, enhance the existing clubhouse, and commence a new second clubhouse to support r..

India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..