BackEnergy | Suzlon gets order for 80 turbines in China
Energy | Suzlon gets order for 80 turbines in China
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Mumbai: Wind turbine maker Suzlon Energy Ltd said on Tuesday a unit had secured an order to supply 80 wind turbines in China with total power generation capacity of 100MW. The company did not disclose financial details of the transaction.
— Reuters
ONGC to cut Imperial capex after delisting
Moscow:Oil and Natural Gas Corp. Ltd (ONGC), the new owner of Russia-focused Imperial Energy Corp. Plc., will cut capital expenditures at the oil firm this year after the firm delists next week, industry sources said.
Imperial, which produces oil in western Siberia, is expected to delist from the London Stock Exchange on 9 March, the firm said, once offers for bonds close that day.
State-controlled oil firm ONGC acquired Imperial Energy for £1.3 billion (Rs9,477 crore) at the end of 2008, to the relief of investors who feared ONGC would back out of the high-priced deal, made when oil was around $130 (Rs6,721 today) a barrel.
State-controlled oil firm ONGC acquired Imperial Energy for £1.3 billion (Rs9,477 crore) at the end of 2008, to the relief of investors who feared ONGC would back out of the high-priced deal, made when oil was around $130 (Rs6,721 today) a barrel.
Since the takeover it has also reshuffled its senior staff, almost all of whom have been replaced by personnel from ONGC Videsh Ltd, the firm’s overseas unit.
— Reuters
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