Government extends deadline for oilfield auctions

18 May 2023 CW Team

The Indian government has extended the deadline for bid submission in the eighth round of oilfield auctions to 5 July 2023. This is yet another extension for the auction, which was launched on 7 July 2022.

The government has also extended the deadline for the special coal bed methane (CBM) bid round to 30 June 2023. The CBM round was launched on 10 October 2022.

The government has also approved several modifications to the bid documents of the eighth bidding round. The new rules permit companies to carve out larger blocks, modify bid evaluation criteria and incentivise early monetisation of discoveries.

The modifications to the bid documents are aimed at attracting more companies to participate in the auction and to ensure that the government gets the best possible value for its oil and gas assets.

The eighth round of oilfield auctions will offer 57 oil and gas blocks for exploration and production. The blocks are located in a variety of sedimentary basins across the country.

The government is hoping that the auction will help to boost domestic oil and gas production and reduce the country's dependence on imports.

The auction is expected to be keenly contested by both Indian and international companies. The government is confident that the auction will be a success and that it will achieve its objectives.

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..