Corporate Snippets

SC directs Reliance Industries to initiate renegotiation with RNRL within six weeks on the terms of the gas supply agreement so that their interests are safeguarded. (BL)

JSW Steel reported that its crude steel production has increased by 20% to 560,000 tonnes in April. (BL)

IRB Infra bags Rs12bn road project. (BL)

JSL has signed a MoU with the Orissa Government to set up a 1,320MW super critical thermal power plant at Luni. (BL)

Apollo Hospitals will add 2,200 beds over the next two years with an estimated investment of Rs10bn. (FE)

Tata Steel will raise Rs100bn of debt to finance its 3mn tonne expansion in Jamshedpur and to part-pay debt at Corus. (DNA)