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PM Modi unveils development projects in Bihar's Jamui
Prime Minister Narendra Modi launched a series of development projects worth Rs 6,640 crore in Bihar's Jamui district, aimed at transforming infrastructure, healthcare, education, and livelihoods, particularly in tribal areas. Modi attended a function commemorating the 150th birth anniversary of Birsa Munda, marking 'Janjatiya Gaurav Divas.' The PM unveiled a special commemorative coin and postal stamp in Munda's honor, before participating virtually in the 'Grih Pravesh' ceremony for 11,000 newly-built homes for tribal families under the PM Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN). The ..
Delhi HC upholds order for GAIL to pay $7.2 million to Jindal Saw
The Delhi High Court has upheld a 2002 arbitral award directing GAIL (India) to pay $7.2 million, along with interest, to Jindal Saw Ltd (formerly Saw Pipes Ltd) in a dispute concerning a global tender for the upgradation of the gas pipeline system. The court's Division Bench, comprising Justices Vibhu Bakhru and Sachin Datta, reaffirmed the arbitral tribunal’s decision that GAIL was responsible for delays in the delivery and should honor the agreed contract amount without deductions. The original dispute arose after Saw Pipes failed to meet the delivery deadlines due to delays by GAIL, exac..
GAIL signs long-term LNG deal with ADNOC gas
On November 14, 2024, GAIL India Limited signed a significant 10-year agreement with UAE’s ADNOC Gas to purchase up to 0.52 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG), starting in 2026. This deal supports India’s growing demand for natural gas, and the LNG will be sourced from ADNOC’s Das Island facility, which has a processing capacity of 6.0 MMTPA. The deal aligns with India’s energy strategy to increase natural gas's share in its energy mix, aiming for 15% by 2030. GAIL’s Director of Marketing, Sanjay Kumar, highlighted that the partnership with ADNOC r..
