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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
IOC wins bid for Kochi–Kanyakumari–Thoothukudi natural ga...
2026-04-17 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

The Petroleum and Natural Gas Regulatory Board (PNGRB) has granted authorisation to Indian Oil Corporation Ltd (IOCL) to lay, build, operate and expand the Kochi–Kanyakumari–Thoothukudi Natural Gas Pipeline (KTPL), in a key step towards strengthening gas infrastructure in southern India.

The proposed pipeline will originate from the Kochi LNG Terminal in Kerala and extend up to Thoothukudi in Tamil Nadu, covering a length of approximately 425 km with a system capacity of 6.84 MMSCMD, including common carrier capacity, a PNGRB note said.

The pipeline will facilitate efficient evacuation and transportation of regasified LNG from the Kochi LNG Terminal to key demand centres across Kerala and the southern districts of Tamil Nadu. It is expected to play an important role in enabling the expansion of City Gas Distribution (CGD) networks and supplying natural gas to industrial consumers, power plants and other downstream sectors in the region.

PNGRB says that the authorisation follows a competitive bidding process undertaken by the body. “After evaluation of the technical and financial bids received, Indian Oil Corporation Ltd emerged the successful bidder for the project,” it said.

The development of this pipeline is expected to provide several strategic and economic benefits, including the enhancement of natural gas availability in Kerala and southern Tamil Nadu, thereby improving energy accessibility in the region. It will also help in strengthening the regional gas infrastructure and improved integration with the national gas grid.

Among its key benefits will be the facilitation of CGD expansion, enabling increased supply of PNG and CNG to households, commercial establishments and the transport sector. It also promotes cleaner energy usage.

Published on April 17, 2026