logo
GAIL successfully discharges first LNG vessel at Dabhol during monsoon after breakwater project completion

GAIL successfully discharges first LNG vessel at Dabhol during monsoon after breakwater project completion

Business Upturn2 days ago

By Aditya Bhagchandani Published on June 6, 2025, 12:18 IST
GAIL (India) Limited has successfully berthed and discharged its first LNG vessel, GAIL Bhuwan , at the Dabhol LNG Terminal during the monsoon season, marking a major operational milestone. This achievement follows the completion and commissioning of the terminal's landmark breakwater project, which now enables year-round operations, including during the challenging Southwest monsoon period.
The LNG vessel was received on June 2, 2025, by GAIL's Chairman & Managing Director Shri Sandeep Kumar Gupta and Director (Marketing) Shri Sanjay Kumar. With statutory approvals in place, the terminal has officially been designated an all-weather port—boosting LNG logistics reliability along India's West Coast.
Strategically located on the Maharashtra coastline, the Dabhol LNG Terminal has a regasification capacity of 5.0 MMTPA. It plays a critical role in India's energy network via the Dabhol-Bangalore and Dabhol-Panvel pipeline systems. The island-type breakwater structure represents a significant marine engineering feat and is expected to improve both vessel accessibility and terminal capacity utilization.
Looking ahead, GAIL plans to expand the terminal's capacity to 6.3 MMTPA in the next three years. Post-expansion, the terminal could handle up to 100 LNG cargoes annually, further strengthening India's energy security.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Indian dealers offer steeper discounts as price rally dulls demand
Indian dealers offer steeper discounts as price rally dulls demand

Yahoo

time36 minutes ago

  • Yahoo

Indian dealers offer steeper discounts as price rally dulls demand

By Rajendra Jadhav and Brijesh Patel (Reuters) - Gold discounts in India widened this week to their highest levels in more than a month, as a rally in domestic prices to near-record highs weighed on demand, while elevated rates also dampened buying across other major Asian hubs. Domestic gold prices were trading around 98,300 rupees per 10 grams on Friday, after rebounding from a low of 90,890 rupees last month and nearing the all-time high of 99,358 rupees. The spike in prices forced Indian dealers to offer discounts of up to $56 an ounce below official domestic prices, which include a 6% import duty and 3% sales tax, up from $31 last week. "Prices have gone up, and that's really hit demand. Hardly anyone was buying this week," said Harshad Ajmera of wholesaler JJ Gold House in Kolkata. Gold demand in India typically remains subdued during the monsoon season, which began earlier than usual this year. Jewellers are not making purchases because the lean demand season has started, and they don't want to build high-cost inventory, said a Mumbai-based bullion dealer with a private bank. Meanwhile, dealers in top gold consumer China charged premiums of $10-$14 an ounce over the global benchmark spot price. Last week, bullion changed hands at par to a $15 premium. "Elevated gold prices appear to have negatively impacted Chinese demand, judging by weaker trading volume," said Hugo Pascal, a precious metals trader at InProved. In Hong Kong, gold was sold at a premium of $0.30 to $1.30, while in Singapore gold traded between at-par prices and a $2.50 premium. "We've seen some of our clients coming to take profit and also on the wholesale side, we've seen some selling because prices are high," said Brian Lan, managing director at Singapore-based GoldSilver Central. In Japan, bullion traded anywhere between a discount of $0.5 and a $0.5 premium over spot prices.

RailTel secures Rs 243 crore order from Bihar Education Project Council
RailTel secures Rs 243 crore order from Bihar Education Project Council

Business Upturn

time3 hours ago

  • Business Upturn

RailTel secures Rs 243 crore order from Bihar Education Project Council

By Aditya Bhagchandani Published on June 7, 2025, 22:30 IST RailTel Corporation of India Ltd has bagged a major domestic order worth Rs 243.11 crore from the Bihar Education Project Council (BEPC). The work order was received late on June 6, 2025, and was disclosed to stock exchanges on June 7. According to the official filing, RailTel will supply student kits for students from Class 1 to Class 12 enrolled in government schools across Bihar. The order is scheduled to be executed by August 14, 2025. The contract involves only supply-related deliverables and does not fall under the related-party transaction category. RailTel also confirmed that the promoter or promoter group has no direct or indirect interest in this deal. The move strengthens RailTel's position in the education infrastructure and services sector, particularly in state-led initiatives. The project is a significant step forward in enhancing educational tools and accessibility for school-going children in Bihar. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

RailTel secures Rs 15.96 crore order from Department of Education, Himachal Pradesh
RailTel secures Rs 15.96 crore order from Department of Education, Himachal Pradesh

Business Upturn

time3 hours ago

  • Business Upturn

RailTel secures Rs 15.96 crore order from Department of Education, Himachal Pradesh

By Aditya Bhagchandani Published on June 7, 2025, 22:32 IST RailTel Corporation of India Limited has secured a significant order worth Rs 15.96 crore from the Department of Education, Samagra Shiksha, for the supply of essential equipment across schools in Himachal Pradesh. The work order, received on June 6, 2025, at 10:45 PM, entails the supply of UPS systems and printers to 5,507 government primary schools (GPS) across the state. The nature of the order is purely domestic and falls under the supply category. It is scheduled for execution by October 6, 2025. As per the official communication, this contract is not related to any promoter group or related party transactions and was executed at arm's length. This development adds to RailTel's growing list of digital and infrastructure projects, particularly in the education and governance sectors, reinforcing its role in India's digital transformation. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store