The first major project to be commissioned after Narendra Modi takes over as Prime Minister may be one by his pet Gujarat firm GSPC, which is ready to produce gas from a field in the Krishna Godavari basin. GSPC has completed the $ 2 bn development of the Deen Dayal shallow-water gas field
Gujarat's third LNG terminal, which will be developed jointly by Gujarat State Petroleum Corporation (GSPC) and the Adani Group, is expected to be ready in the next three years.GSPC and Adani Group have forged a 50:50 JV for developing the LNG import terminal at Mundra.
Maire Tecnimont SpA’s main operating company, Tecnimont SpA and its fully owned subsidiary Tecnimont ICB Pvt Ltd (TICB) of India have been awarded two EPC contracts on a lumpsum turnkey basis for the realisation of polyolefin plants for PE and PP in Dahej, Gujarat State, India.
The petroleum ministry has pulled up both GAIL and the cash-short oil marketing companies (OMCs) for bidding to get capital intensive gas pipeline projects at a time when gas availability is uncertain. The OMCs had recently bid for three pipeline projects worth Rs 15,000 crore through a consortium with GSPC and bagged all.
Gujarat State Petroleum Corporation (GSPC) has hiked the gas prices across the board. The PSU has raised the price of CNG from Rs 34.45 per kg to Rs 37 per kg, while it has revised the rate of gas supply to industry from Rs 20.45 per standard cubic metre (pscm) to Rs 29.10