ONGC Videsh Invests $60 Million to Expand in Azerbaijan

25 Jul 2024 CW Team

ONGC Videsh, the international arm of Oil and Natural Gas Corporation (ONGC), is expanding its global footprint by investing $60 million in Azerbaijan. This strategic move aims to enhance the company's presence in the oil and gas sector and capitalise on emerging opportunities in the region.

The investment focuses on acquiring stakes in key oil fields, including projects that promise substantial returns. Azerbaijan, known for its rich hydrocarbon resources, offers lucrative prospects for energy companies looking to broaden their portfolios.

ONGC Videsh?s decision aligns with its long-term strategy to diversify assets and strengthen its international operations. By entering the Azerbaijani market, the company seeks to leverage local partnerships and advanced technologies to optimise production and exploration activities.

This investment marks a significant step in ONGC Videsh?s efforts to expand its overseas ventures, contributing to India's energy security. The company is committed to exploring further opportunities in Azerbaijan and other regions with high potential.

Analysts view this move as a positive development for ONGC Videsh, enhancing its competitiveness in the global energy market. The company?s focus on strategic investments and international collaborations is expected to drive growth and ensure sustainable returns.

With this expansion, ONGC Videsh reaffirms its commitment to becoming a leading player in the global oil and gas industry. The investment in Azerbaijan is a testament to its vision of achieving growth through strategic diversification and international partnerships.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..