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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 16
04:00 Business NZ PSI 2 48.5
04:31 Rightmove House Price Index (YoY) 1 1.2%
04:31 Rightmove House Price Index (MoM) 1 0.6%
12:00 Producer and Import Prices (YoY) 1 -0.5%
12:00 Producer and Import Prices (MoM) 1 0.1%
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