ONGC plans to drill for gas in abandoned coal mines

Other author's news:

• Zenith Computers sees revenue up 23% this year - Zenith Computers Ltd managing director said on Wednesday the company's full-year revenue would increase by about 23 per cent.
• Tata Consultancy Services IPO fully subscribed - The $1.2 billion initial public offer from Tata Consultancy Services Ltd, India's biggest ever IPO, was fully bid on the second day of the offer, a banker working on the issue told Reuters on Friday.
• Arvind Mills to close Mauritius units - Arvind Mills Ltd said on Thursday it will close its denim and garment manufacturing units in Mauritius due to an extension in a global treaty that prevents them from freely exporting to the United States.

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• RINL plans captive coal, iron ore mines - After announcing a 7 million tonne capacity expansion plan, Rashtriya Ispat Nigam (RINL) is now looking at backward integration. The company has drawn up a plan which envisages captive resources for iron and coal.
• Drilling activity boosts Cabo Mining Enterprises to quarterly profit of $356K - VANCOUVER (CP) - Cabo Mining Enterprises Corp. earned $356,000 in its first quarter of significant revenue after expanding from a mine exploration company into a provider of drilling services.
• ONGC's plan for exclusive LPG extraction dumped - Government has nipped Oil and Natural Gas Corp's exclusive plans to extract LPG and C2/C3 from liquefied natural gas (LNG) by also allowing gas utility GAIL India to do the same from the common LNG being imported by Petronet.

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