SAIL, GAIL Sign Long-Term Natural Gas Supply Pact

22 Jan 2026 CW Team

State-owned steel major Steel Authority of India Limited has signed a strategic long-term agreement with GAIL (India) Limited for the supply of natural gas, marking an important step towards cleaner and more sustainable steel production in India.

The agreement will come into effect from November 2027 and will remain valid for a period of five years. It is aimed at supporting SAIL’s expansion and modernisation plans, particularly at its Burnpur Steel Plant in West Bengal, while ensuring a reliable and environmentally friendly energy supply.

Under the agreement, GAIL will supply natural gas to meet SAIL’s rising energy requirements stemming from capacity expansion and modernisation initiatives at the Burnpur plant. The availability of long-term gas supplies is expected to improve operational efficiency, enhance process reliability and support the commissioning of new facilities planned under SAIL’s expansion roadmap.

The shift towards greater use of natural gas is also expected to significantly reduce carbon emissions compared with conventional fossil fuels. The agreement aligns with SAIL’s broader strategy to transition to low-carbon and environmentally sustainable steelmaking, in line with India’s climate commitments and green manufacturing objectives.

Natural gas is expected to play a key role in improving energy efficiency, lowering emissions intensity and enabling cleaner steel production processes across SAIL’s operations.

From an energy security perspective, the long-term nature of the agreement provides SAIL with assured fuel supply while offering GAIL a stable demand base. Both companies said the partnership reflects growing collaboration among public sector enterprises to strengthen domestic industrial capabilities and promote sustainable economic growth.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..