ESL Steel Switches To PNG In Pact With IOCL

09 Dec 2025 CW Team

ESL Steel Ltd has entered into an agreement with Indian Oil Corporation Limited (IOCL) for the supply of Piped Natural Gas (PNG) to its steel plant in Bokaro, marking a significant move towards cleaner industrial energy. The agreement was formalised in the presence of senior leaders from both organisations, including IOCL Executive Director Manoj K. Sharma, General Manager Amiya Kumar Behera, ESL Steel Deputy CEO and WTD Ravish Sharma, and CFO Anand Dubey.

Welcoming the collaboration, Ravish Sharma said the transition from LPG to PNG represents a major step towards operational efficiency and sustainability. “By adopting PNG—a cleaner and more dependable fuel—we are strengthening our commitment to reliable operations and environmental stewardship,” he noted.

Under the agreement, PNG will replace LPG in selected operational processes at the Bokaro plant, providing a cleaner, safer and more reliable energy source. The partnership also reinforces broader cooperation between IOCL and ESL Steel on sustainable fuel solutions.

The initiative forms part of ESL Steel’s wider strategy to improve energy security, reduce emissions and enhance overall operational performance.

Real Estate

29 Dec 2025

The Redevelopment Imperative

Nearly 70 per cent of India’s GDP is generated in cities, yet India’s urban core is ageing faster than it is being renewed. Mumbai, with virtually no greenfield land left, is now dependent almost entirely on redevelopment to sustain housing supply. Urban population growth – from 54.5 crore today to an estimated 60 crore within five years – has further intensified pressure on existing neighbourhoods.As highlighted at the Mumbai Redevelopment Summit, unchecked urban sprawl is no longer viable. According to ISRO estimates (2022), India consumes nearly 1.5 million hectare of farmland annua..

Building Greener, Building Faster

The 13th edition of Excon 2025, South Asia’s largest construction equipment exhibition, concluded on a high note at the Bangalore International Exhibition Centre (BIEC), reaffirming its stature as a global platform shaping the future of India’s infrastructure and construction ecosystem. Organised by the Confederation of Indian Industry (CII), the five-day event, held from December 9 to 13, 2025, brought together policymakers, manufacturers, contractors, financiers, technology providers and global stakeholders under one roof.Spread across an expansive 3.5 million sq ft, Excon 2025 hosted ov..

Mahalaxmi Railway Land Fetches Record Rs 22.50 Bn in RLDA Auction

The Railway Land Development Authority (RLDA) has received its highest-ever bid of Rs 22.50 billion for a railway land parcel at Mahalaxmi in south Mumbai, setting a new benchmark for long-term lease auctions in the city’s real estate market.The land parcel, spread over about 2.67 acres or 10,801 square metres, was offered on a revenue-share model with a lease tenure of 99 years. The reserve price for the plot was fixed at Rs 9.93 billion, while the permissible floor space index (FSI) stands at 4.05, making it one of the most attractive redevelopment opportunities in a prime urban location.T..