Vedanta invites bids for natural gas from Rajasthan block

02 Jan 2023 CW Team

The floor price for the natural gas from Vedanta's Rajasthan block is $9.57 per mmBtu. According to the e-auction document, Vedanta intends to sell 3 million metric standard cubic metres of gas per day (mmscmd) during an auction scheduled for January 18. Starting on April 1, the supply will be made available for a whole year from the Raageshwari gas terminal in Barmer, Rajasthan.

The domestic formula price, which is updated every six months and is now $8.57 per mmBtu, will serve as the floor price and will be one dollar higher than it. The lowest bidder's premium plus the lower of Platts LNG West India marker or 15.25% of the average Brent price shall be the sale price.

The sale price would be $12.5 per mmBtu at the current Brent price of $82 per barrel and zero premium. Vedanta has complete control over the price of the gas it generates from its Rajasthan block. The majority of the nation's producing fields lack pricing flexibility; thus their gas is sold at the domestic formula price. Gas from challenging fields may be offered for sale at market prices, subject to a cap that is currently set at $12.46 per mmBtu.

The gas market has been experiencing unprecedented upheaval for a little over a year, which has kept prices high and made it exceedingly unpredictable. India's gas imports and usage have decreased as a result. Increased domestic gas production could aid in reducing imports.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..