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The major push from the state-owned oil major will come from development of finds in and around block KG-DWN-98/2, next to Reliance Industries' giant KG-D6 block.

 
 
Petropars has offered the state-owned oil major and the Hinduja Group 40 per cent stake in the development of Phase-12 of the giant South Pars gas field.
The government agrees to give an additional Rs 3,000 crore to them to make up for part of revenue they lost on sale of fuel below cost.
Finance Minister Pranab Mukherjee says the Centre would not create a situation in the market where the shares of PSUs get "underpriced".
The issue attracted bids for 129.35 crore shares, against 63.1 crore equities on offer, according to the data available on the National Stock Exchange.
 
 

Bharat Heavy Electricals registers a 33 per cent growth in its standalone net profit at Rs 1,142.28 crore for the second quarter.

PowerGrid Corporation of India Ltd says its estimated Rs 8,400 crore follow-on public offer will hit the capital market on Nov 9 and close on Nov 12.

Uncertainty continued over Posco's Orissa steel plant project with a government committee to assess violation of forest laws giving a divided opinion.

The issue attracted bids for 99.11 crore shares against 63.1 crore equities on offer, according to the data available till 4.00 pm on the National Stock Exchange.
The state-owned Steel Authority of India has offered JP Morgan, Deutsche Bank, SBI Capital, Enam Securities, Kotak Mahindra Capital and HSBC to manage its offer.
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