PSU

NALCO mines get 5-star rating for sustainable development initiatives

   The Panchpatmali bauxite mines of national aluminum company limited (NALCO) has been conferred with a 5-star rating by the ministry of mines.   The 5-star rating award, along with a certifica

Some Odisha coal mines not being fully utilised

It is a fact that some of the opencast projects (OCP) of Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, are not being utilised up to their full capacity despite having good potential for coal production, the Lok Sabha was i

HAL to supply Boeing cargo door to Israel aerospace industries

  The Israel aerospace industries (IAI) has signed an agreement with Hindustan Aeronautics Limited (HAL) — a Navratna PSU for further supply of Boeing 737 main deck cargo door. A contract to this effect was signed at Aero

SAIL’s Salem plant supplies steel to ISRO’s 104 satellites

The steel authority of India limited (SAIL), a Maharatna enterprise, has added another feather to its cap by supplying steel to Indian space research organisation (ISRO) for the launch of a record 104 satellites in a single rocket on February, 1

Pune airport gets highest service quality rating

The Pune airport has achieved the highest airports council international-airport service quality ACI-ASQ rating of 4.78 and is ranked 29th in the world, followed by Lucknow’s Chaudhary Charan Singh international airport which bagged rating

Pradhan asks OMCs to expedite allotment of outlets to SC, ST candidates

After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) to SC and ST candidates.  

Karnataka gets Rs 39 cr from REC to improve power utilities

Several agreements were signed between rural electrification corporation limited (REC) and Karnataka power corporation limited (KPCL) and Bangalore electricity supply company limited (BESCOM) for extending financial assistance of Rs 39,121 crore

BHEL bags 3.6 MW rooftop solar order

Bharat heavy electricals limited (BHEL) has secured an EPC (engineering, procurement and construction) order for the installation of solar photovoltaic (PV) rooftop systems totalling to 3.6 megawatt (MW) capacity from the Surat Municipal Corporati

SAIL Q3 FY17 gross turnover grows by over 25%

Steel authority of India ltd. (SAIL) registered an increase in total sales by 16 per cent and 12.5 per cent for the April-December (9M) period and quarter third (Q3) of 2016-17 fiscal with 9.66 million tonnes (MT) and 3.27 MT of saleable steel res

India offers excellent scope for LPG business: IndianOil chief

 With about 72 percent of India`s population living in villages, ensuring LPG access to all Indian kitchens is a both a challenge as well as an opportunity. India offers excellent scope for LPG business in the coming years, said B Ashok, chai

NPCIL inks MoU with French public utility for n-reactor

 The French government in January 2016 communicated that French public utility Electricite de France (EDF) was designated to take control of AREVA NP and would be the single point for Indian side on all matters related to nuclear power projec

GSECL to get coal from Western Coalfields Limited

 An inter-ministerial task force has recommended shifting of coal linkage of Gujarat State Electricity Corporation Ltd (GSECL) of about 1.2 million tone (MT) from South Eastern Coalfields Limited (SECL) to Western Coalfields Limited (WCL), le

Gorakhpur, Sindri units of FCIL to be revived

  The cabinet approval has been obtained to revive the Gorakhpur, Sindri units of Fertilizer Corporation of India Limited (FCIL) and Baruni unit of Hindustan Fertiliser Corporation Limited (HFCL), said union minister of chemicals and fertiliz

Concessions given to two PSUs

Two Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industry (DHI) have been given concessions. The CPSEs under DHI are incurring losses due to number of factors such as poor order book, shortage of working c

Shortcomings spotted in fuel management at NTPC power stations

Three power stations of NTPC, India’s largest power utility, incurred an extra expenditure of Rs 2,483.39 crore due to procurement of coal through costly sources during the period from 2010-11 to 2015-16, noted an audit report.

Budget 2017: Govt aims for significant reforms in PSUs

The government has made a provision in the 2017-18 budget to raise Rs 72,500 crore through disinvestment of public sector undertakings (PSUs), including listing of IRCTC, IRFC and IRCON which are railway PSUs. The government’s move of merger

Proposals for setting heavy water reactors

Union minister of state development of north-eastern region (DoNER), PMO, personnel public grievances & pensions, atomic energy and space, Jitendra Singh recently informed Rajya Sabha that proposals for setting up of ten indigenous pressurised

HAL unveils first indigenously upgraded Hawk Mk132 aircraft

Hindustan aeronautics limited (HAL), a Navranta PSU has rolled out the first indigenously upgraded Hawk Mk132 aircraft, named as Hawk-i on the eve of Republic Day celebrations.   “This is the 100th Hawk aircraf

NTPC raises 500 mn Euros through overseas bonds

National thermal power corporation (NTPC) limited – a Maharatna enterprise has successfully issued its first Euro denominated bond worth EUR 500 million on January 25.   The 10-year-bond has been issued at a co

Indian Oil posts net profit of Rs 15,386 cr till Dec 2016

The income from operations for the first nine months of 2016-17 fiscal of Indian Oil was Rs 3,23,120 crore as compared to Rs 3,08,112 crore in corresponding period of 2015-16 fiscal.   Indian Oil’s income from

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