Gujarat Earns Rs 61,813.64 mn From Oil And Gas Royalties

28 Feb 2026 CW Team

The Gujarat government reported that it earned Rs 61,813.64 million (mn) in royalty from crude oil and natural gas production for the financial years 2024-25 and 2025-26 up to 31 December 2025, the state assembly was told. The figure was presented by the Minister of Energy and Petrochemicals in response to a question on sector revenues. The disclosure formed part of routine legislative oversight on sector performance.

Crude oil output in 2024-25 was 5,283,170 tonne (t), while production for 2025-26 up to 31 December 2025 stood at 3,970,837 t, reflecting a reduced extraction in the current year to date. The assembly record indicated that the earlier year had higher crude output compared with the current year to date.

Natural gas production in 2024-25 reached 742,565,338 standard cubic metres and was 531,805,907 standard cubic metres in 2025-26 up to 31 December 2025. The decline in gas volumes mirrored the fall in crude oil output over the comparable periods.

Royalty collections from crude oil amounted to Rs 34,298.3 mn in 2024-25 and Rs 23,495.28 mn in 2025-26 up to 31 December 2025, while natural gas contributed Rs 2,314.29 mn and Rs 1,705.77 mn in the respective periods. The combined receipts of Rs 61,813.64 mn have substantially bolstered the state treasury in the two year span. Officials noted that such receipts support public expenditure priorities and infrastructure investment plans.

Officials framed the receipts as evidence of Gujarat's status as a major energy producing state, with resource extraction making a significant contribution to revenue and broader economic activity. Continued monitoring of output and royalty flows was described as central to fiscal planning and sector policy. Analysts expect continued attention to output trends given their bearing on state finances.

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..