Thursday, June 3, 2010

Corporate Snippets

NTPC is set to acquire controlling interest in a 720mn tone coal field in Australia in a deal valued at US$1-1.5bn, which will enable it to fire about 3,500MW of power capacity. (ET)

RIL revives plan to build a multi-billion-dollar chemical plant. (ET)

Sun Pharma rejects Guggenheim Partners’ US$215mn offer for Taro stake. (ET)


RIL’s hunt for more hydrocarbons on India's East coast could slow as the company's drilling programme in the region is facing delays due to ‘unresolved mechanical' issue in the rig hired from Transocean. (BL)

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