Thursday, October 7, 2010

Corporate Snippets

According to Canada based Niko resources which hold 15% stake in K-G Basin D4 block "the prospective gas reserve in Reliance Industries K-G basin D4 block could be significantly higher then previously estimated (BS)

GAIL places Rs6.8bn orders for pipelines for laying a gas pipeline from Dabhol in Maharashtra to Bangalore. (BS)

Maruti Suzuki plans to expand its service network to over 4,200 outlets from current 2,700 outlets across India. (ET)

Cairn Energy to seek shareholders nod for the Cairn India Vedanta deal today. (ET)

JSW Energy seeks lower rate for Rs33.8bn Ratnagiri project loan. (ET)

Glenmark gets exclusive pain molecule worldwide licence by Lay Line Genomics. (BL)

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