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Thursday, September 24, 2009

RIL, NTPC signs gas supply deal

Reliance Industries said on Thursday it has signed gas supply agreements with state-run utility NTPC to supply gas for some of its power plants for five years.

Reliance will supply 0.61 million standard cubic metres a day (mscmd) to NTPC, and expects to start supplies within a week.

"The quantities and price of gas under the GSPA's signed for five years are as approved by the government," the company said in a statement.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 30
20:00 Dallas Fed Manufacturing Business Index 1 -12.7 -15.3
21:00 6-Month Bill Auction 1 4.11% 4.12%
21:00 3-Month Bill Auction 1 4.235% 4.195%
21:30 Grain Stock Report 1
22:30 Fed's Goolsbee speech 2
Tuesday, Jul 01
03:30 NZIER Business Confidence (QoQ) 2 19%
04:15 Building Permits s.a. (MoM) 2 -15.6%
04:30 S&P Global Manufacturing PMI 1 51 51
04:31 BRC Shop Price Index (YoY) 1 -0.1%
24h Canada Day 0
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