Wednesday, September 1, 2010

Corporate Snippets

With production from Reliance Industries’ KG-D6 field stuck at 60mmscmd, the government has decided not to make any fresh gas allocation from it. (BS)

Reliance Industries is likely to bid for Rs75bn, 1,320-Mw thermal power project at Gulbarga in north Karnataka. (BS)

Reliance Industries has made a fourth consecutive disocery in KG-D3 block. (BS)

According to the Chairman of ONGC, the company has a right of first refusal in case of some of the blocks, including Barmer, through our joint operating agreement. (BS)

Infosys Technologies does not foresee a major dent in its margins because of the hike in US visa fee but might pass on the new cost to its US customers. (BL)

HDFC has increased its retail prime lending rate by 50bps to 14.25%. (BS)

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