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Areva T&D: No pricing power
The Areva T&D stock has given up about 21 per cent since the start of July. The very average results for the June 2009 quarter have left the Street disappointed. The fact that the global transmission and distribution (T&D) business has been put on the block hasn’t helped. http://smallpersonalloans.org.uk

Sail: Results in line with expectations
For the December 2009 quarter, SAIL saw net sales at Rs 9,880 crore up 11 per cent year-on-year, in line with market expectations, even as seasonal impact saw sales dip 2 per cent sequentially. The company’s steel sales was at 2.9 million tonnes (mt) in the recently concluded quarter against 3 mt in the September 2009 quarter and 2.4 mt in December 2008 quarter.

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Latha Jishnu: Perils of the US model
Latha Jishnu / New Delhi January 21, 2010, 0:28 IST
Management

GEECL completes laying gas pipeline from Asansole to Durgapur

Great Eastern Energy Corp today said it has completed laying a gas pipeline from Asansol to Durgapur in West Bengal. - Petro board to identify 300 cities for gas networks - Great Eastern Energy may bid for CBM blocks - ONGC Videsh to join Chinese gas pipeline from Myanmar - GAIL to raise Rs 2,000 cr for expansion - Delhi HC rejects Man"s plea challenging GAIL"s re-tending - GAIL to invest Rs 7,500 cr in Dabhol, Kochi pipelines The pipeline will transport the gas GEECL produces from coal seams, called Coal Bed Methane (CBM), to consumers. "The completion of the laying of the pipeline from Asansol to Durgapur is a significant milestone achieved by the company and gives access to new market opportunities for GEECL," company President and Chief Operating Officer Prashant Modi said in a press statement here. The 77.47-km pipeline connects its CBM fields to Kulti, Asansol and Durgapur. "With the production potential of the license no longer in question the focus of the business has increasingly moved towards sales, marketing and distribution," he said. GEECL said it is currently testing the section between Raniganj and Durgapur. The pipeline, which is capable of carrying up to 35 million standard cubic feet per day of gas, is part of a vertically integrated network consisting of drilling, production, compression, transportation and distribution services, the statement added.


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