Corporate Snippets

Reliance Infrastructure has signed a pact with NHAI for developing the Rs30bn Delhi-Agra highway project. (BS)

Infosys closed down its BPO centre in Bangkok due to inability to scale up operations. (ET)

Reliance Industries is said to be in talks with Quicksilver Resources, a Texas-based exploration and production company that’s into development of shale gas, coal-bed methane and tight-sands gas in North America. (DNA)
Tata Steel sells entire 27.03% stake in Malaysia’s Southern Steel Berhad for US$72mn as part of a reorganisation process. (BS)

SAIL is likely to sign an agreement with Posco by October to jointly set up plants in the country at an investment of Rs150bn. (FE)

ITC Ltd pares its holding in Agro Tech Foods by close to 3% from 16.77% to 13.87% in June 2010. (BS)