Maharashtra Seamless Ltd, a leading seamless steel pipe maker, has informed that it has pocketed a contract worth Rs 757 crore from the state-run Oil and Natural Gas Corporation (ONGC).

According to the sources, the proposed order has been bagged for the supply of seamless casing pipes.

The sources further revealed that with this contract, the order-book of the conglomerate stood at Rs 1,370 crore.

According to the reports, in June, Maharashtra Seamless Ltd had won an export order of 45 million dollar from a US firm.

Reliance Gas Corporation Ltd (RGC), a subsidiary of Reliance Industries, has been roped in by the Andhra Pradesh as a majority partner in the Krishna Godavari Gas Network Ltd, (KGGNL) a special purpose vehicle carved out for gas distribution through a pipeline grid.

The CESC has signed an MoU with SP Global Solutions (SPGS), a subsidiary of Singapore Power and a leading power utility for consultancy support.

Mr. Sanjiv Goenka, vice-chairman of CESC, after signing the agreement with Mr. Ong Boon Hwee, chief operating officer, Singapore Power and director of SP Global Solutions said, "At present, three of CESC's generating units rank among the top five units in India ........a recent analysis, carried out by Netherlands-based KEMA, who developed the System Average Interruption Duration Index, rated the power distribution system in Singapore as the most reliable in the world, which leads cities like Tokyo, Hong Kong, Seoul and Melbourne. It has the shortest power disruption in any city, at 1.14 minutes.”

New Delhi, Nov. 11 : The Oil and Natural Gas Corporation Ltd. (ONGC) has signed an MoU with Uranium Corporation of India Ltd. (UCIL) for joint cooperation in uranium exploration and development.

The MoU was signed in South Block by ONGC CMD R S Sharma and UCIL CMD Ramendra Gupta in the presence of Chairman of Atomic Energy Commission (and Secretary, Department of Atomic Energy) Dr. Anil Kakodkar.

ONGC Directors Dr. A K Balyan, N K Mitra, D K Pande and U N Bose were also present on the occasion.

ZTE Corporation, a top global provider of telecommunications equipment and network solutions, has rolled out the prototype of the world’s first 10G EPON network equipment including related system services.

The ZXA10 C220 and MDU prototype equipment are unified platforms designed for EPON, 10G EPON and GPON networks.

London-based company, Rio Tinto Group has decided to reduce ore production by 10 per cent following decline in demand by Chinese steel makers and competition from Cia Vales do Rio Doce.

Rio Tinto Group is the second largest ore exporters in the world and is a prominent company working in mines of west Australia. Shipments from Rio's mines would be between 170-175 million metric tons by December end. It produced 145 million tons of ore from its Pilbara mines of West Australia last year.