ONGC Videsh Update: Mozambique LNG Project Resumes

14 Nov 2025 CW Team

ONGC Videsh Limited, the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has announced that the Force Majeure on the Mozambique LNG Project in Area 1 has been lifted, enabling construction activities to restart.

ONGC Videsh holds a 16 per cent interest in the Area 1 concession through its subsidiaries ONGC Videsh Rovuma Limited (OVRL) and Beas Rovuma Energy Mozambique Limited (BREML). The project is operated by Total E&P Mozambique Area 1 Limitada, a wholly owned subsidiary of TotalEnergies SE, which holds a 26.5 per cent participating interest. Other partners include ENH Rovuma Area Um, S.A. (15 per cent), Mitsui Rovuma Offshore Area 1 Limited (20 per cent), OVRL (10 per cent), BREML (10 per cent), BPRL Ventures Mozambique B.V. (10 per cent) and PTTEP Mozambique Area 1 Limited (8.5 per cent).

The 13.12 MMTPA LNG project began construction in 2019 but was halted in May 2021 when Force Majeure was declared due to a deteriorating security situation in Cabo Delgado province. With the security environment now significantly improved, the Area 1 consortium has formally notified the Government of Mozambique of its decision to end the Force Majeure.

The withdrawal allows construction to resume, paving the way for the early completion of the project, which is a key development in Mozambique’s Rovuma Basin and an important energy investment for ONGC Videsh and its partners.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..