NTPC is reportedly in negotiations to buy a coal mine in Indonesia and take a long lease on another. The company is also looking at coal assets in other parts of the world.
Oil and Natural Gas Corporation (ONGC) and Gujarat State Petroleum Corporation have reportedly revised their gas reserves estimates in their blocks off the country's east coast by nearly three times. The revised reserves of the two firms totals 14 trillion cubic feet.
Reliance Power will reportedly raise Rs 2500 crore from IDBI for building an ultra-mega power project in Andhra Pradesh.
Reliance Communications is reportedly set to float a $500-million tender for its GSM 3G networks. While the winner of the tender will provide all hardware components, the company will lease all passive infrastructure from Reliance Infratel.
The government reportedly plans to bring iron ore under price control by making it mandatory for miners to sign long-term supply contracts with steel firms instead of selling at high spot prices.
Private equity firm General Atlantic LLC could reportedly pick up a minority stake in Wockhardt Hospitals, the healthcare unit of drug maker Wockhardt. The deal size is likely to be $80 million-$100 million for a 20% stake, the reports added.
Ceat has reportedly been able to re-negotiate prices for a bulk of its existing export orders for the next 4-5 months on steep surge in cost of inputs such as rubber and carbon black.
Andrew Yule, Axis IT&T, Dhampur Sugar, KDL Biotech, Kinetic Engineering, McDowell Holdings, PNB Gilts, Sakthi Sugars, Samtel Colour, Upper Ganges Sugar, Uttam Sugar, DCM Shriram Industries and Simbhaoli Sugars will be shifted to trade-to-trade (T2T) segment from 8 August 2008.