Corporate Snippets

Government has asked the Supreme Court to reject the petition of Tata Power against coal diversion by Reliance Power. (BS)
SAIL may offer Posco majority stake in JV. (ET)

NTPC signed a long-term fuel supply agreement with Singareni Collieries Company Limited (SCCL) for supply of coal to NTPC Ramagundam Super Thermal Power Station for 20 years. (BS)

M&M in pole position for Korea’s SsangYong Motors as Renault-Samsung pulls out. (BL)

PFC may diversify into power insurance, advisory and rating services business. (ET)

JSW Steel in talks with steel makers for floating a JV for acquiring overseas coking coal properties. (ET)