Company News

Hindalco fixes right issue price at Rs 96 per share

Reliance Submits Dev Plan For 8 More KG Block Discoveries

The development plans for eight more gas discoveries has been submitted by the Reliance Submits Dev Plan For 8 More KG Block Discoveries  Reliance Industries in its prolific eastern offshore KG-D6 block.

The Reliance’s junior partner in KG-D6, Canada’s Niko Resources, reported, “The discoveries are adjacent to the Dhirubhai 1 and 3 gas fields that are currently under development.”

The production of Dhirubhai-1 and 3 discoveries are expected to commence by the end of September.

Kamdhenu Ispat enters Paint Business; eyes turnover of Rs 100 crore in first year

Titan Industries to open 50 more stores in by the end of FY08

Titan Industries to open 50 more stores in by the end of FY08

Kavveri Telecom to float new subsidiary company

Kavveri Telecom to float new subsidiary companyKavveri Telecom

RNRL Demands Rs 50k Cr To Scrap Agreement With RIL

On Tuesday, Anil Ambani promoted Reliance Natural Resources (RNRL) had demanded Rs 50,000 crore from MukeshAmbani who is the owner of Reliance Industries (RIL) to scrap the gas sale master agreement (GSMA) signed between the two companies.

At the Bombay High Court in the beginning of company’s argument over the supply of gas from the Krishna-Godavari Basin, RNRL counsel Mr. Mukul Rohatgi said, “Somebody decide that my demands are correct or else calculate and compensate me for the gas I should have got for 17 years.”

In Dadri, the power project was delayed because of the Mukesh Ambani-controlled company hasn’t assured them to supply the gas regularly, RNRL said.  
 

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