Oil India (OIL) has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in May 2018 at well Thanelanka-l in Andhra Pradesh. Earlier, a gas discovery was made at well Dangeru -lin Andhra Pradesh in the block. The well Thanelanka-1 is the first High Pressure - High Temperature (HP-HT) well drilled by OIL and has encountered multiple sands in Gollapalli Formation of Late Jurassic-Early Cretaceous and one zone in Raghavapuram Formation of Intra Cretaceous. On testing, the HP-HT zone in the depth range 4912-5159 m in Golapalli Formation produced gas @ 1300 scmd through 16/64" bean choke. Presently, the well is under further testing. The announcement was made after market hours yesterday, 25 June 2018.
Jet Airways (India) has entered into another agreement with The Boeing Company for purchase of an additional 75 Boeing 737 MAX Aircraft. The announcement was made after market hours yesterday, 25 June 2018.
NOCIL has commissioned the phase - 1 of expansion of capacities of rubber chemicals and their intermediates at the company's plant situated at Navi Mumbai, after a successful trial run of about 3 weeks. The aforementioned CAPEX programme had been approved by the board of directors at its meeting held on 16 March 2017 and announced to the Exchanges on the same day. The announcement was made after market hours yesterday, 25 June 2018.
Ratnamani Metals & Tubes has received a domestic order for supply of welded carbon steel pipes valued at Rs 125.51 crore, which will be completed by March/April 2019. The announcement was made after market hours yesterday, 25 June 2018.
United Spirits will be watched. Diageo India, the country's leading beverage alcohol group, through its legal entity United Spirits announced an equity investment in Hip Bar, a payment technology start-up that serves the needs of the beverage alcohol industry and its consumers, through the HipBar mobile wallet and delivery app. With this investment, the company will support HipBar's digital ambition and help expand its footprint across more markets. With the HipBar app, age verified consumers can browse a range of alcoholic beverages, select a brand of their choice and make payment using the mobile wallet to have the product delivered at their doorstep (where permitted) or pick it up from a retail store at their convenience. The announcement was made after market hours yesterday, 25 June 2018.
Info Edge (India) has entered into an agreement with SVF India Holdings (Cayman) (Soft Bank), a wholly owned subsidiary of SoftBank Vision Fund L.P., of which SoftBank Group Corp. is a limited partner, whereby Soft Bank has agreed to invest an amount equivalent to about $45 million for 49.99% stake (on a fully diluted basis) in Diphda Internet Services (Diphda), a wholly owned-subsidiary of the company, for the time being. Info Edge (India) has also agreed to invest an amount equivalent to about $45 million in Diphda for 50.01% stake (on a fully diluted basis); and to jointly invest through Diphda, an amount equivalent to about $90 million in Etechaces Marketing & Consulting (Etechaces) for 8.93% stake (on a fully diluted basis post completion of fund raise exercise with other investors). The announcement was made after market hours yesterday, 25 June 2018.
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