Corporate Highlights

• Reliance Industries' (RIL) gas sales from its eastern offshore fields have risen to 35 million cubic metres a day (mmscmd), the highest since the nation's most prolific fields started producing in April.

• Godrej Consumer Products is in talks for acquisition deals of about Rs 1000 crore in China, Latin America and the Middle East.

• Essar Steel acquires Shree Precoated Steel. Thus, Essar Steel becomes country's largest CR steel producer. It will have annual capacity of 2 mt post acquisition.

• Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, announced that ithas secured a five-year contract with T-Mobile UK. Infosys BPO has been engaged by T-Mobile UK to support several core processes for their finance directorate – covering customer finance,commercial finance and accounting (F&A) and procurement operations.

• Eicher Motors July total sales at 2,112 units Vs 1,850 units (YoY)

• JSW Steel crude steel production up 51% in July (YoY); JSW Steel flat products production up 45% in July (YoY)

• India Cements despatch jumped 19% to a record 10.2 lakh tonnes in July 2009 over July 2008.

• Mahindra & Mahindra is looking to double its non-tractor farm business revenue to Rs 120 crore a year.

• Unitech is trying to sell its telecoms tower-making business for Rs 700-750 crore as part of a plan to shed non-core assets.