NTPC asks MoF to extend tax sops to projects under ICB route
The National Thermal Power Corporation (NTPC) has asked the finance ministry to extend the tax benefits, currently available to power projects funded by the multilateral agencies, to all other projects executed by it under the international competitive bidding (ICB) route.

SAIL eyes minority stake in Salem plant; Alloy Steel not to make stainless-steel
Steel Authority of India is ready to become a minority partner in its Salem Steel Plant in Tamil Nadu when the unit is hived off as a joint venture company, sources said. SAIL's move indicates that its Durgapur-based Alloy Steels Plant would not stage a comeback in stainless-steel making.

ONGC to retire high-cost Japanese loan with SBI funds to save interest burden
Oil and Natural Gas Corporation (ONGC) will retire its costly Japanese Exim Bank (J-Exim) loan through a fresh and cheap foreign currency loan from the State Bank of India.


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