GAIL Plans Rs.600 Bn Investment in Madhya Pradesh Ethane Cracker Project

11 Jun 2024 CW Team

GAIL (India) Limited has unveiled plans to invest ?600 billion in setting up a new ethane cracker project in Madhya Pradesh. This ambitious project aims to bolster India's petrochemical manufacturing capabilities and meet growing domestic demand for ethylene and its derivatives.

The ethane cracker facility is slated to be constructed at Pithampur in Madhya Pradesh and is expected to significantly enhance India's self-sufficiency in producing crucial petrochemicals. Ethylene, a primary product derived from ethane, is a key raw material used in the manufacturing of various industrial chemicals and plastics.

The project is expected to generate substantial employment opportunities during both the construction phase and operational stages. It also aligns with India's broader economic goals of promoting domestic manufacturing and reducing dependency on imports for critical industrial inputs.

GAIL's investment in the ethane cracker project underscores its strategic vision to strengthen the country's industrial base and contribute to economic growth. The development is seen as a crucial step towards enhancing India's capacity to produce petrochemicals locally, thereby boosting industrial competitiveness and supporting sectors reliant on petrochemical feedstocks.

Government officials and industry analysts have welcomed the announcement, noting its potential to transform the petrochemical landscape in India. They highlight the project's role in fostering innovation, job creation, and sustainable economic development in the region and beyond.

As the project moves forward, stakeholders anticipate significant advancements in India's petrochemical sector, driven by technological innovation and strategic investments aimed at enhancing industrial capabilities and meeting domestic market demands effectively.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..