TOP CORPORATE NEWS
· OilMin may block CIL's coal bed
methane tie-up plan
Coal India Ltd might not get a free hand in selecting a private
partner to tap into the newly-opened coal bed methane (CBM) opportunity. The
petroleum ministry may impose restrictions on private partnership for
development of four trillion cubic feet CBM reserves in CIL’s blocks
allocated on a nomination basis.
·
ONGC plans to drill more wells in
Cambay
ONGC is planning to drill more wells in Cambay region of Gujarat.
ONGC has been investing Rs 2,000 crore per annum on exploration of oil and gas
in Gujarat and Rajasthan.
·
Coal & Oil Group to invest Rs
10k cr in TN
Dubai-based Coal & Oil Group building a 1,200-Mw thermal plant
in Tuticorin district of Tamil Nadu for Rs 6,800 crore. It will invest another
Rs 10,000 crore to increase the capacity by 1,600 Mw to 2,800 Mw.
·
Jindal steel and power increased
price of its steel products.
Jindal Steel
and Power Ltd increased the price of its steel products. It hiked the prices
for steel plates, hot rolled coils, wired rod coils and TMT rebars by Rs1,000 a
tonne each.
·
Gujarat Gas signs agreement with
Gujarat State Petroleum
Gujarat Gas
Company Ltd has announced that pursuant to the Memorandum of Understanding
executed between Gujarat Gas Company Limited and Gujarat State Petroleum
Contracts for supply of Regassified LNG up to 0.65 million metric standard
cubic metre on long term basis.
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