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News about Oil & Natural Gas Corpn Limited - Jan 19, 2007

NSE Press Release

The media had reports on January 15, 2007 that Oil & Natural Gas Corpn Ltd has reached an agreement with Cairn India Ltd. to build a $340 million pipeline to transport crude oil found in Barmer district of Rajasthan to Gujarat.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Oil & Natural Gas Corpn Ltd.  has vide its letter inter-alia stated, “We confirm that discussions are on between ONGC and Cairn in regard to modalities for evacuation of crude oil to be produced from Block RJ-ON-90/1 in Barmer Distt. (Rajasthan) to a convinient location for sale, including options for execution of pipeline project, subject to approval of Ministry of Petroleum & Natural Gas. No formal agreement has been arrived at as yet.”

Add commentJanuary 19th, 2007

Induction of Citibank, N.A. as a designated Clearing Bank - Jan 19, 2007

NSE Press Release

Citibank, N.A. is appointed as clearing bank for National Securities Clearing Corporation Limited with effect from January 18, 2007 in addition to the existing clearing banks viz. Canara Bank, HDFC Bank, Indusind Bank, ICICI Bank, UTI Bank, Bank of India, IDBI Bank Ltd., Standard Chartered Bank, The Hongkong & Shanghai Banking Corporation, Kotak Mahindra Bank, Union Bank of India and State Bank of India.

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Security listed and admitted to dealings – CLUTCHAUTO - Jan 19, 2007

NSE Press Release

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. January 23, 2007. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.

 

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Add commentJanuary 19th, 2007