PSU

NTPC plans for 32 GW installed capacity via renewable sources

NTPC Ltd has raised Rs 2,000 crore through green masala bonds in overseas market under its $4 billion medium term note programme, union minister Piyush Goyal informed the Lok Sabha. The proceeds of these bonds will be used for finan

IIFCL gives Rs 3.5 crore for cancer treatment

An appeal was made to PSUs to contribute funds under their CSR Scheme towards Health Minister’s Cancer Patient Fund-CSR for treatment of poor cancer patients.    India Infrastructure Finance Company Limite

Sick PSUs appraisal carried out

  The Department of Heavy Industry (DHI) has been undertaking appraisal of the status of each CPSE on case to case basis and the ones having profitability potential are supported to improve their performance while the chronicall

PSUs invest funds in line with approved business plans

The board of directors of Central Public Sector Enterprises (CPSEs) take decisions as per the delegated powers to invest funds, said minister of state in the ministry of heavy industries and public enterprises Babul Supriyo in reply to a written q

CGD project launched in Bhubaneswar, Cuttack

Union minister Dharmendra Pradhan has launched the implementation of City Gas Distribution (CGD) project in Bhubaneswar and Cuttack. The event marked an important step towards developing a gas-based economy and linking Eastern India

NTPC installs India’s largest Floating Solar Photo Voltaic plant

NTPC has installed India’s largest Floating Solar Photo Voltaic Plant at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) Kayamkulam, Kerala.   The 100 kWp Floating Solar PV plant was indigenously developed as

BHEL’s first 800 MW supercritical power plant begins operation

Bharat Heavy Electricals Limited (BHEL) has commenced commercial operation of its first 800 MW unit - highest-rating coal-based supercritical thermal power plant.   The milestone was achieved for the first unit of th

Decline of coal stocks at pitheads of CIL, power plants: Goyal

  In 2016-17, there has been decline of coal stocks at pitheads -- the top of a mining pit or coal shaft -- of Coal India Limited (CIL) as well as at power plants, said union minister Piyush Goyal.  

IndianOil allowed to sell JV equity to Lubrizol

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, has given its in-principle approval to permit Indian Oil Corporation Limited (IndianOil) to sell its 24% equity in one of its joint venture companies, M/

Non-operating units of CCI to be disinvested first

The non-operating units of Cement Corporation of India Limited (CCI) are to be disinvested first as a part of its strategic disinvestment.   Babul Supriyo, minister of state in the ministry of heavy industries and pu

Non-payment of gratuity and arrears by HEC

The department of heavy industry has been receiving complaints of non-payment of gratuity and pay revision arrears by the Heavy Engineering Corporation (HEC), Ranchi to its retired employees. These complaints have been forwarded to the company f

GSL begins discussion for high-end weapon ships with Russia

  A high-level delegation from Russian defence sector recently visited Goa Shipyard Ltd (GSL) — a Miniratna enterprise on March 3.   A GSL release laid emphasis on the importance of the visit i

BEL pays Rs 49.21 cr interim dividend to govt

Navratna defence PSU — Bharat Electronics Limited (BEL) has paid an interim dividend of Rs 49.21 crore to the union government for 2016-17 fiscal.

BHEL pays 40% interim dividend for fiscal 2016-17

  Bharat Heavy Electricals Limited (BHEL) has paid an interim dividend of 40% for fiscal 2016-17. In value terms, the dividend paid amounts to Rs 194.8 crore.   With this, the company has maintained

India’s largest petrochemical plant up and running

  Prime minister Narendra Modi on Tuesday dedicated ONGC Petro additions Ltd (OPaL) plant to the nation at a function at Bharuch, Gujarat.   OPaL is a joint venture company promoted by ONGC, GAIL and

AAI adopts green building norms

The Airports Authority of India (AAI), a miniratna PSU, is committed to adopt green building norms for upcoming projects/buildings. It has registered with the Green Rating for Integrated Habitat Assessment (GRIHA) for the New Integrated Terminal

BHEL inks MoU with NEERI

Bharat Heavy Electricals Limited (BHEL) has signed an MoU with National Environmental Engineering Research Institute (NEERI) for jointly working on projects related to water and waste water treatment.   NEERI comes u

REC extends CSR support to AIIMS

Rural Electrification Corporation Limited (REC), a navratna enterprise, has extended support its CSR support to the All India Institute of Medical Sciences (AIIMS), New Delhi.   REC will support the Rs. 13.02 crore p

Quick repair of IndianOil`s Mathura-Jalandhar pipeline

Indian Oil Corporation (IndianOil) has repaired the Mathura-Delhi section of its Mathura-Jalandhar pipeline, where an instance of illegal tapping was detected on February 17 early morning, and put it back into

PSU stake sale: SEBI to be urged to extend deadline

  The finance ministry may approach the Securities and Exchange Board of India (Sebi) to relax its August 21 deadline for PSUs to meet minimum 25 percent public shareholding requirement norm.   More

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