Wednesday, August 11, 2010

Corporate Snippets

A consortium led by ONGC could invest about Rs120bn to build a six million tonne refinery in Rajasthan. (ET)

IOC will set up 50 more low-cost retail outlets in the rural areas of Andhra Pradesh during the current year. (BL)

With a focus on streamlining its hydrocarbons E&P business, HPCL has once again started hunting for a partner for its E&P arm Prize Petroleum Company Ltd. (BL)

DLF is in talks with leading domestic banks to refinance a US$300mn loan it had raised via external commercial borrowings. (FE)

Dr Reddy's Lab is going slow on its 300-acre finished dosages special economic zone (SEZ) plan at Medak; instead, it is focussing on developing the SEZ for active pharmaceutical ingredients in Visakhapatnam. (BS)

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