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.
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