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Andhra to invest Rs 160 crore for exploration
The Andhra Pradesh government, which won four oil blocks in the VIII round of the New Exploration Licensing Policy (Nelp) bidding on Monday, will invest about Rs 160 crore in oil and natural gas related activities over the next five years. generic levitra

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GAIL to raise Rs 2,000 cr for expansion
State gas utility GAIL India Ltd plans to raise around Rs 2,000 crore during the current fiscal to part fund its expansion plans.

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More time needed for Bharti Airtel check, auditor tells DoT
The auditor for Bharti Airtel has asked for more time from the department of telecommunications (DoT) to finalise the special report sought by the government on the company, as they have yet to fully get the needed information.
Corporate

Shree Renuka Sugars jumps 4%

The stock jumped 4.24 per cent to Rs 227.65 to an all-time high, after the company acquired Vale Do Ivai SA (VDI), a Brazil-based sugar and ethanol firm. The acquisition includes two sugar and ethanol production facilities with a combined cane crushing capacity of 3.1 million tonnes per annum. - Shree Renuka at new 52-wk high on overseas acquisition - Renuka Sugars acquires Brazil firm for Rs 1,112 cr - Shri Renuka Sugars acquires Brazilian VDI - Crucial support at 4,950 - Shree Renuka seeks Brazilian sugar mills for supplies - Shree Renuka Sugars surrenders trading membership in NCDEX The enterprise value of VDI is $240 million. The company will acquire 100 per cent stake in VDI for $82 million and the balance is the assumed debt, which is to be paid over eight years.


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