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ONGC hires drill rig from RIL for Rs 3,915 crore
State-run Oil and Natural Gas Corp (ONGC) has hired an ultra deep-sea drill rig from Reliance Industries for four years at close to Rs 3,915 crore.

BSNL says Nokia Siemens did not meet tender requirement
State-owned BSNL today justified the disqualification of Nokia Siemens Networks (NSN) from the mega 93-million GSM line expansion, saying the Finnish company did not provide specification with regard to subscriber information (known as Home Location Register) as per the PSU’s requirement.

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ADAG eyes alternative locations for power plant if Dadri fails
The governments of Maharashtra, Gujarat and Andhra Pradesh have started talks with the Anil Dhirubhai Ambani Group (ADAG) for a possible relocation of the 8,000-Mw Dadri gas-based power plant from Uttar Pradesh.
Public Relations

India-Myanmar gas pipleline may take shape in 2-3 yrs

The tri-nation gas pipeline between India, Bangaladesh and Myanmar may take shape in two to three years time, Myanmar Ambassador U Kyi Thein said here today. - Essar Oil soars on hopes of Shell refinery buy - GAIL buys LNG cargo for $6.65 per mmBtu - Essar, Shell extend talks on refineries" sale - Essar, Shell to continue talks beyond exclusivity period - Essar may seal refinery deal with Shell in a month - Aegis Logistics, Essar Oil ink strategic alliance "Something can happen in two to three years with Indian companies like GAIL, Essar Oil, ONGC, IOC exploring gas in Myanmar," Thein told reporters on the sidelines of an interactive session. Bilateral trade between India and Myanmar was expected to touch $1 billion in 2009-10 from the present $951 million, the ambassador said. India is the fourth-largest trading country in Myanmar after Thailand, China and Singapore. Thein said his country has signed an oil pipeline pact with China early this year which envisaged a 1,100 km pipeline from Myanmar’s west coast port of Kyaukryu which would enter China at Ruili and extend to Kunming city, the capital of Yunnan province.


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