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Tata Power, Israeli partner get sonar contract from Indian Navy

Tata Power said its Strategic Engineering Division, along with partner DSIT Solutions Ltd, received a contract to supply Portable Diver Detection Sonar (PDDS) to the Indian Navy.The deal is one of the the largest in the world for such systems, it said.The detection systems will largely be manufactured in

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Vedanta to increase crude output 50% in 3 years, invest Rs 5,500 cr

Vedanta, one of the world's biggest producers of minerals, said it plans to increase its oil and gas output by around 100,000 barrels per day to 275,000-300,000 barrels per day by March 2020, and expand its Tuticorin copper plant to the world's largest.At present, the Tuticorin copper smelter is

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Reliance Jio breaks even on opg level, 9.62 GB avg consumption per month

Reliance Jio has reported revenue of Rs 7,213 cr and an operating profit of Rs 261 cr for the second quarter of the financial year.Per capita data consumption was 9.62 GB per user per month.Average voice consumption was 626 minutes per month during the period, it added.This is the

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Reliance, Essar triple petrol outlets in 2 yr, continue to expand fast – India Ratings

Private players such as Reliance Industries and Essar -- owned by Russia's Rosneft -- have tripled the number of petrol and diesel outlets in India in the last two years, and could double their market share by implementing their ongoing expansion plans, India Ratings said.From practically nothing in 2014, private

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Reliance Infrastructure in talks to sell Mumbai power network to Adani

Reliance Infrastructure said it has entered exclusive negotiations with Adani Transmission Limited for the sale of its power distribution business in Mumbai.The deal involves its integrated business of generation, transmission and distribution of power for Mumbai City, the Anil Ambani company said.Just yesterday, it said its deal to sell

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Reliance Infrastructure says sale of transmission assets to Adani on track

Reliance Infrastructure Limited said it signed an agreement to transfer some of its transmission assets, under the Western Region System Strengthening Scheme (WRSSS), to two of its subsidiaries ahead of their sale to Adani Transmission Limited.In December 2016, RInfra has entered into Share Purchase Agreement with Adani Transmission

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Reliance Industries sells Marcellus shale assets for $126 mln

Reliance Industries said it had signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania, known as Marcellus shale.The assets, which are currently operated by Carrizo Oil & Gas, Inc., were sold to BKV Chelsea, LLC, an affiliate of Kalnin Ventures LLC,

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Reliance Industries sells Marcellus shale assets for $126 mln

Reliance Industries said it had signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania, known as Marcellus shale.The assets, which are currently operated by Carrizo Oil & Gas, Inc., were sold to BKV Chelsea, LLC, an affiliate of Kalnin Ventures LLC,

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ONGC Videsh completes Namibia offshore block acquisition

ONGC Videsh Limited, the overseas subsidiary of ONGC, said it completed the acquisition of 30% interest in Namibia's offshore block, as announced earlier.The acquisition involves blocks 2112A, 2012B and 2113B.The stake was purchased from Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc. TTullow with continue

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Natural gas price hike to boost margins at OIL, ONGC, GAIL – India Ratings

The recent gas price increase will improve the profitability of gas production operations of Oil India and ONGC, India Ratings said, while also benefiting transporter GAIL."Although producers have been benefiting from lower rig and vessel rentals for renewed contracts due to soft crude prices, the operating cost remains close

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