NTPC is exploring opportunities in Africa to get coal blocks under bilateral pacts between India and mineral-rich countries in the continent, as it looks to secure fuel for its expanding local capacities.
The overseas arm of state-owned Oil and Natural Gas Corp, ONGC Videsh Ltd, is likely to bid for deep sea oil and gas blocks in Tanzania as it looks to expand its presence in energy-rich Africa. Tanzania is offering eight blocks in its fourth Offshore Licensing Round, bids for which closed recently.
RITES, the government-owned consulting company, has lost a contract to operate the newly constructed North-South Railway system (NSR) of the Saudi Railway Co following differences over how to run the railroad network.
Ashok Leyland recently bagged two large integrated transport projects in Tanzania and Zimbabwe worth $79.2 mn. As part of these projects, the company will supply trucks, buses, light commercial vehicles, spares and allied support services, including training and developmental consultancy.