Tag: India Energy Sector

Business

IEW 2026 Wraps Up in Goa with Awards for Clean Energy and Technology Excellence

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Written by Intern Rency Gomes ||Team Allycaral 

Goa, January 30, 2026:
India Energy Week (IEW) 2026 concluded in Goa, celebrating innovators, startups, and leaders driving India’s energy transition. The four-day event, held from January 27 to 30, brought together policymakers, investors, and industry executives to discuss solutions for a secure, sustainable, and affordable energy future.


Startups Take Centre Stage

The AVINYA Energy Startup Challenge highlighted emerging Indian companies delivering technology-driven solutions:

Winner: Minimines Cleantech Solutions – for low-carbon recovery of high-value materials from end-of-life lithium-ion batteries.

1st Runner-Up: Ossus Biorenewables – for converting industrial wastewater into green hydrogen.
2nd Runner-Up: Tranzmeo IT Solutions – for AI-powered fiber-sensing applications for pipelines and CCUS processes.
3rd Runner-Up: Rezlytix Technologies – for AI-driven tools optimising oil and gas exploration.
4th Runner-Up: Petrobot Technologies – for robotic inspection in hydrocarbon plants.
The international VASUDHA Upstream Startup Challenge recognised global innovators:
Winner: SENERGETICS, The Netherlands – for AI-based corrosion monitoring.
Runner-Up: Resermine Inc, USA – for hybrid reservoir engineering solutions.

Hackathon Highlights
Seven premier institutes competed in a hackathon focused on energy technology:
Winner: IIT Bombay – for Aura, an AI-driven unified reservoir analysis platform.
Runner-Up: IIT Delhi – for a circular economy approach converting steel industry waste into CO₂ capture solutions.
Industry Excellence Awards
The Federation of Indian Petroleum Industry (FIPI) recognised outstanding achievements:
Exploration Company of the Year: ONGC
Production Company of the Year (Over 1 MTOE): Oil India Limited
Production Company of the Year (Under 1 MTOE): Sun Petrochemicals Pvt. Ltd.
Refinery of the Year: Reliance Industries Ltd., SEZ Refinery, Jamnagar
Innovator of the Year (Joint Winners): Indian Oil R&D Division & Mangalore Refinery Innovation Center
Best Managed Project: Shell India (PMG JV)
City Gas Distribution Co. of the Year: Indraprastha Gas Limited
Pipeline Transportation Co. of the Year: BPCL
Oil Marketing Co. of the Year: HPCL
Young Achievers: Ms. Vanashree Mahatre & Mr. Karthik R.
The awards reflected India’s commitment to energy innovation, sustainable growth, and global leadership.

Business

GAIL Celebrates Foundation Day, Reaffirms Commitment to India’s Energy Future

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GAIL (India) Limited celebrated its Foundation Day at the Corporate Office, with employees across the country joining virtually through video conferencing. The occasion was graced by the presence of CMD Shri Sandeep Kumar Gupta, who addressed employees and highlighted the company’s remarkable progress over the past year.

Also present were Shri R. K. Jain (Director, Finance), Shri Deepak Gupta (Director, Projects), Shri Ayush Gupta (Director, HR), Shri Sanjay Kumar (Director, Marketing), and Shri R. K. Singhal (Director, BD), along with senior officials, Executive Directors, and employees.

Major Milestones Highlighted

  • Record Profit After Tax (PAT) of ₹11,312 crore
  • Expansion to 16,420 km cross-country pipeline network
  • Establishment of India’s first gas-based integrated petrochemical complex
  • NIL CAG report for the 16th consecutive year
  • Successful launch of SAP S4-HANA for digital transformation

Shri Gupta emphasized GAIL’s pivotal role in strengthening natural gas transmission across the nation and reaffirmed its mission to shape the energy landscape of a vibrant New India. He underlined the company’s commitment to society, sustainability, and technological progress, ensuring that GAIL continues as a strong partner in national energy security and self-reliance.

The celebrations began with a cake-cutting ceremony, followed by the CMD’s address and a felicitation program honoring long-serving employees.

With strong leadership and a focus on innovation, GAIL continues to reinforce its position as a driving force in India’s energy sector, delivering progress, sustainability, and growth for the nation.