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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
Wednesday, Apr 16
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.810% 4.632%
23:00 Fed's Chair Powell speech 3
Thursday, Apr 17
01:30 Net Long-Term TIC Flows 1 $112.0B $35.2B $-42.2B Revised from $-45.2B
01:30 Total Net TIC Flows 1 $284.7B $-46.6B Revised from $-48.8B
04:15 Consumer Price Index (YoY) 3 2.3% 2.2%
04:15 Consumer Price Index (QoQ) 3 0.7% 0.5%
04:30 Fed's Schmid speech 2
07:00 National Australia Bank's Business Confidence (QoQ) 2 -4
07:00 Participation Rate 2 67.0% 66.8%
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