Tuesday, June 22, 2010

Corporate Snippets

Reliance Industries has become the second refinery to receive crude oil
supply through Cairn India and its joint venture partner ONGC's pipeline network. (BL)

Oil India has secured an extension for petroleum exploration licences for 10 of its 16 independently held blocks in Assam and Arunachal Pradesh. (BS)

BEML plans to invest Rs6.8bn in the next two to three years for expansion and diversification.(BS)

Tata Teleservices has suggested that the price of each MHz of excess spectrum beyond 6.2MHz in the 1800 Mhz band should be 1.67 times the 3G price set through the recent auction. (BS)

The Bajaj-Renault-Nissan alliance’s small car project continues to get sidelined as plans of production and branding is yet to take shape. (BS)

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