State-run National Thermal Power Corp Ltd (NTPC) said it signed production sharing contracts (PSCs) with the government of India for oil and gas exploration blocks awarded under eighth round of bidding under the new exploration licensing policy (NELP-VIII).
NTPC will have a 100% participating interest and operate an onland block in the Cambay basin in western India, while it will hold a 10% interest in three other blocks in other regions, the company said in a regulatory filing.
On Tuesday, NTPC shares closed 0.6% up at Rs201 on the Bombay Stock Exchange, while the Sensex ended at 1% higher at 17,614 points.
Chennai-based education services company, EdServ Softsystems Ltd said it will open its qualified institutional placement (QIP) issue on 9th July.
The minimum floor price for the QIP issue has been fixed at Rs205 per share, higher than the price calculated as per Securities and Exchange Board of India (SEBI) (Issue of Capital and Disclosure Requirements) Regulation 2009. The proceeds of the QIP issue will be utilised to fund the company's plans in the schools segment.
The company plans to invest in several schools this year. The company shall decide on the closing date in due course.On Tuesday, EdServ Softsystems shares closed 3.4% down at Rs210 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,614 points.
Tata Power Co Ltd, along with its consortium partner Arrow Energy, has been awarded the Satpura coal-bed methane (CBM) block in Madhya Pradesh.
CBM is a natural occurring gas found in coal reserves. The extracted gas can then be utilised for power generation and fertiliser manufacture.
Arrow Energy, with 80% stake, will be the operator of the block. It plans to drill 15 core holes and two pilot wells in the first two years under the phase-I exploration and 21 pilot wells in phase-II. Initial production is expected to start from 2014, Tata Power said in a release.
On Tuesday, Tata Power shares closed 0.5% up at Rs1,310 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,614 points.