Corporate Snippets

HPCL is in talks with Jindal Petroleum to buy the latter’s 25% stake in an oil and gas block in Rajasthan. (ET)

L&T bagged Rs15.85bn orders in July-September period from the construction segment. (ET)

Punj Lloyd bagged Rs5.39bn contract from the Gail India for laying a natural gas pipeline from Dabhol to Bangalore. (ET)

Government is likely to offer a significant stake in its proposed refinery project in Rajasthan to Vedanta Resources, which is looking to enter the crude oil business by acquiring majority stake in Cairn India. (FE)

Jindal Steel and Power has started to build a US$2.1bn iron ore mine and steel project in eastern Bolivia after a series of delay. (DNA)


Fortis Global Healthcare plans to acquire Hong Kong’s Quality Healthcare Asia for ~Rs8.82bn. (ET)