Vedanta seeks $9.5/MMBtu for Rajasthan gas sale

24 Aug 2023 CW Team

Vedanta Ltd, a billionaire-led company, has launched a tender for the sale of natural gas produced from its Rajasthan block, aiming for a minimum price of USD 9.5 per million British thermal units (mmBtu). In the forthcoming three months, Vedanta plans to extract 0.6 million standard cubic meters per day of gas from the RJ-ON-90/1 block in Rajasthan's Barmer basin.

Users are invited to quote a variable 'P' over and above 14.5% of the Brent crude oil price. The pricing formula includes the lower of Platts LNG WIM and 14.5% of Brent Price + P. The sales gas price is not to fall below USD 9.5 per mmBtu, as stated in the tender document.

This rate represents a nearly 50% premium over the ceiling price of USD 6.5 per mmBtu paid to state-owned producers like ONGC for output from legacy fields. E-bidding for this gas will take place on September 8.

Vedanta's subsidiary holds a 70% stake in the predominantly oil-producing RJ-ON-90/1 Block, with the remaining 30% owned by ONGC. The company has set up the Raageshwari gas terminal to process and deliver natural gas from the block.

Aligned with the 'Natural Gas Marketing Reforms' guidelines, Vedanta has invited proposals to offtake gas from the field, adhering to the Ministry of Petroleum and Natural Gas's e-bidding framework.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..