Corporate Snippets

RIL plans to sell gas to retail consumers in the US, using Atlas Energy’s infrastructure

UltraTech Cement has acquired Dubai-based ETA Star Cement for an enterprise value of Rs17bn. (ET)

Jindal Steel and Power is close to acquiring Oman based Shabed Iron and Steel for US$500mn. (ET)

Supreme Court verdict on RIL-RNRL gas issue is likely next week. (ET)

Air India has opposed the marketing alliance between Kingfisher Airlines and British Airways on domestic network. (ET)

NTPC-BHEL Power Projects, 50:50 JV between the two PSU’s, is expecting orders worth Rs70bn by the end of current fiscal (ET)

Infinite Computer Solutions has bagged an order worth Rs1.25bn. (BL)