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Monday, December 22, 2008

RIL gets Rs 2.8-cr US grant for liquid fuel project

Reliance Industries has received a grant of $600,000 (less than Rs 3 crore) for its proposed coal-to-liquid fuel project.

The domestic petrochemicals giant is contributing $3,91,305 (less than Rs 2 crore) to fund the feasibility study for the project while another US company Headwaters is also putting in $1,20,000.

The grant has been provided by the US Trade and Development Agency (USTDA) and has been disclosed in the ‘2008 National Export Strategy’ report from the US government’s Trade Promotion Coordinating Committee (TPCC).

The grant to RIL is to “partially fund a feasibility study for a lignite/petroleum

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.1% 0.3% 0.2%
18:00 Building Permits (MoM) 1 -6.6% 2.2% -5.3% Revised from -4.1%
20:00 EIA Crude Oil Stocks Change 1 -3.644M 0.100M -4.304M
22:30 10-Year Note Auction 1 4.421% 4.342%
23:30 Monthly Budget Statement 2 $-316B $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (YoY) 1 -0.3% -0.3%
04:15 Electronic Card Retail Sales (MoM) 1 0%
04:31 RICS Housing Price Balance 1 -3% -3%
06:30 Consumer Inflation Expectations 2 4.1%
11:30 Industrial Production (MoM) 2 -0.5% -0.7%
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