Oilmax Energy and Eleven will each hold a 50 per cent participating interest in the Kutch offshore block as India seeks to boost domestic oil and gas production and cut import dependence
Dorsey's fortune plunged by $526 million on Thursday, his worst single-day decline since May. He's now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index
Centre expects minimum work commitment of $300-400 million immediately
These blocks with 12,000-sq km area have prospects for gold, iron, tin and tungsten