Reliance’s MJ gas condensate field to begin output this year

28 Oct 2022 CW Team

Reliance Industries will commission its deep-water MJ gas condensate field in the Bay of Bengal KG-D6 block by the yearend, boosting natural gas production to 30% of India's total. “The MJ gas condensate field project is pretty much on track for the first gas production by the end of the year," said Sanjay Roy, senior vice-president for exploration and production, Reliance Industries Ltd, at an investor call on the company's second quarter earnings.

MJ is the third and last of a set of discoveries that Reliance and its partner BP are developing in the eastern offshore block. They will use a floating production system on the high seas in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block.

“The offshore installation campaign has been completed; the subsea production system has been installed. The Phase-II drilling and completion campaign is currently under way, and we've completed one well, then we are on track for completion on seven wells,” Roy said.

The FPSO Ruby, which was built by Samsung Heavy Industries in South Korea, is now at anchorage in Kakinada, India after completion of sea trials and commissioning of the hull and topsides. After receiving the necessary approvals and loading of materials, the vessel will move to the field's location on Krishna-Godavari basin Block for hook-up, offshore testing, pre-commissioning and commissioning activities.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..