Reliance Energy gets Rs 2,000 cr from preference issue
Mumbai: Reliance Energy Ltd. has received nearly Rs 2,000 crore ($421 million) after the preferential allotment of equity shares of the Reliance Group, the domestic financial institutions, the foreign institutional investors and from the international foreign currency convertible bond (FCCB) offering.
The balance proceeds of over Rs 1,400 crore ($310 million) will be received within the next 10 days, in accordance with the terms of the offering, the company has said in a press release.The preferential offer of shares was made at Rs 640 per share.
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IOC top oil trading co in Asia - Pacific
Kolkata: Indian Oil Corporation (IOC) has emerged as the top company in oil trading among national oil companies in the Asia-Pacific region.According to an IOC press release issued here, a survey conducted by Applied Trading Systems of Singapore for 2003 places IOC on the top of the list followed by Petronas of Malaysia, ENOC of the UAE, KPC of Kuwait and Saudi Petroleum of Saudi Arabia.The survey covered 80 petroleum-trading companies in the Asia-Pacific region.
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Interlinking Rivers: Detailed Project Reports soon
New Delhi: The Government will soon start preparing detailed project reports for different links under the Rs 5,50,000-crore national river inter-linking scheme. The pre-feasibility studies for all the 31 proposed links have been completed and the reports are currently being prepared.

The feasibility reports for seven peninsular links and one Himalayan river have been prepared. Reports for three more links are expected to come in by the end of this month.According to the government the Task Force on Interlinking of Rivers chaired by the former Power Minister, Suresh Prabhu, is likely to submit its final action plan by the next month.
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