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Buzzing Stocks
· Jindal Saw has inked a lease pact with Rajasthan government to mine iron ore for 30 years from a deposit containing an estimated 180mn tonnes of resources.
· L&T is planning to split into nine independent entities to make the job easier by streamlining L&T's sprawling and complex web of 64 businesses.
· Great Eastern Energy Corporation will invest `36bn for exploration and production of coal bed methane in Tamil Nadu.
· Strong differences have emerged between NMDC and MMTC over long-term supply pact of iron ore to Japanese mills, with the former opposing the idea fearing lower realizations and the latter pitching for it.
· NTPC has put on fast track the process of procuring equipment for the first unit of the 4,000Mw supercritical coal-based thermal power station at Kudgi in Bijapur district.
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