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Govt formally issues EGoM decision taken last month on KG-D6 allocation
Ten power companies, including NTPC, Ratnagiri Gas and Power Pvt Ltd (RGPPL), Lanco and GMR Energy, will get KG-D6 gas in the second round of allocation decided last month, confirmed a government release issued on Monday. The decision has been reported already. Reliance Industries Ltd (RIL), operator of the D6 block in the Krishna-Godavari basin, will also be getting gas for consumption at its refineries and petrochemicals business, as well as for its captive power plants.

No loss to centre, RIL if gas supplied at $2.34: RNRL to SC
Anil Ambani-led RNRL today contended before the Supreme Court that it has an "unqualified" right to get gas at $2.34 per unit for 17 years from RIL which will along with the Government not suffer any loss at this rate.

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Have a steady start
My father is a senior citizen and wants to invest around Rs 3 lakh in mutual funds. He wants to derive monthly returns from the investment, like through pension. Please suggest some funds that do not carry risk.
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Gammon Infra to acquire Spanish partner's stake in JV

Gammon Infrastructure Projects today said it has entered into an agreement with the Spain-based Dragados for acquiring the firm"s stake in Indira Container Terminal Pvt Ltd (ICTPL) in phases. - Gammon Infra secures Rs 850 cr NHAI contract - Gammon Infra fixes Oct 27 as record date for stock-split - Govt awards seven port projects worth Rs 1,800 cr - Gammon Infra hikes stake in Vizag Seaport - Gammon Infra may raise Rs 500 cr through QIP - Gammon Infra plans stock-split Under the agreement with Dragados Servicios Portuarios y Logisticos SL, GMR Infrastructure Projects would purchase 50 per cent stake of the Spanish firm in ICTPL in two phases. "The agreement envisages buying of 24 per cent stake in ICTPL now and a further 26 per cent equity stake after three years post the commencement of commercial operations of the offshore container terminal project being implemented by ICTPL," Gammon Infra Projects said in a filing to the BSE. However, the company did not disclose any financial detail in this regard. ICTPL is a joint venture between Dragados and India"s Gammon Group. The transaction is subject to regulatory or statutory approvals as may be required, the filing to the Bombay Stock Exchange (BSE) added. Shares of Gammon Infrastructure Projects surged 7.61 per cent at Rs 20.50 on the BSE.


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