PSU

AAI to prepare development plan for Sri Lanka’s Palaly airport

The Airports Authority of India (AAI), the regulatory body, has inked a pact with the ministry of external affairs to prepare a detailed project report for development of Palaly airport in Sri Lanka. The aviation PSU wants to foray

Academic session for first batch at ICT - IOCL Bhubaneswar campus inaugurated

Petroleum minister Dharmendra Pradhan has inaugurated the academic session of the first batch of five-year integrated M Tech course in chemical engineering at the Institute of Chemical Technology (ITC) - IndianOil Bhubaneswar campus.

BHEL rolls out first electric loco for railways

BHEL has manufactured its first 6,000 HP electric locomotive (type WAG-9H) for Indian Railways. The enterprise says that it has forayed into the transportation sector with the flagging off of its first electric locomotive. The loco

IRCTC website modernised, new technologies adopted, says Indian Railways

Indian Railways has claimed that a number of modern technologies have been adopted by the national transporter to improve services and better passenger experience for rail users. It said that IRCTC website’s capacity has been

BEL order book exceeds Rs 50,000 crore landmark

Defence PSU Bharat Electronics Ltd’s (BEL) order book has crossed the mark of Rs 50,000 crore for the first time after it bagged Rs 9,200 crore-order for supply of seven long range surface-to-air missile (LRSAM) systems. BEL e

LCA Tejas’s maiden mid-air refuelling successful

In a major development, the light combat aircraft (Tejas LSP8) built by Hindustan Aeronautics Ltd (HAL) has successfully completed the wet (actual) engagement by transferring 1900 kgs fuel from Indian Air Force’s IL78 mid-air refueling tanke

Dredging Corporation declares 20% dividend for 2017-18 FY

The Dredging Corporation of India has declared 20 per cent dividend on the paid up capital of Rs 28 crore for 2017-18 FY.   A cheque of Rs 4.11 crore was handed over to minister of shipping, road transport & highways

E-vehicle chargers inaugurated in Udyog Bhawan

Two e-vehicle charging stations, one for fast charging (DC) and the other for slow charging (AC), were recently inaugurated by minister of heavy industries and public enterprises Anant Geete at Udyog Bhawan.   Eight char

Sports policy unveiled for steel PSUs to promote sports

Steel minister Chaudhary Birender Singh has unveiled the corporate sports policy for ministry of steel’s central public sector enterprises (CPSEs) to provide a framework for promotion of sports.   Singh said that s

Bangladesh Coast Guard DG evinces interest in GSL products

Bangladesh Coast Guard’s director general Rear Admiral Aurangzeb Chowdhury recently paid a visit to Goa Shipyard Limited.   GSL CMD Rear Admiral (Retd) Shekhar Mital briefed the DG about various shipbuilding, ship

Hindustan Aeronautics Ltd gets a new chief

Hindustan Aeronautics Limited (HAL)’s new CMD R Madhavan has vowed to maintain the numero uno position of the defence PSU in the aerospace industry and deliver world class products through increased indigenisation.  

SAIL Q1 turnover increases by 22.42%

Steel Authority of India Ltd. (SAIL) has clocked a profit after tax (PAT) of Rs 540.43 crore in the first quarter (Q1) of current fiscal. SAIL’s turnover in Q1 2018-19 rose by 22.42 per cent over corresponding period of the last year to Rs 1

Oil minister urges entrepreneurs to invest in Odisha

Aiming at drawing heavy investments in Odisha, a Textiles and Plastics Investors Conclave was inaugurated by union minister for petroleum and natural gas Dharmendra Pradhan in Surat.   Organised by Indian Oil Corporation

Online portal for carrier capacity booking on GAIL’s pipelines unveiled

To facilitate gas trading on hub or exchange traded platforms in India, minister for petroleum and natural gas Dharmendra Pradhan recently unveiled an online portal to enable easy, efficient and transparent booking of common carrier capacity for n

Railways to save Rs 20 cr annually by using natural gas in workshops, production units

The chairman of the railway board Ashwani Lohani has directed officials to connect all 54 workshops, production units, residential colonies, training institutions and IRCTC base kitchens of the railways with natural gas pipeline by June 30, 2019 s

Jabalpur airport to be upgraded

Airports authority of India (AAI) has begun the process of upgrading Jabalpur airport to provide better services to flyers of the region. Union minister of commerce & industry and civil aviation Suresh Prabhu recently laid the foundation stone

BEL to manufacture training aid to sharpen shooting skills of defence personnel

In a bid to design and produce electronic target system (ETS), a modern training aid for enhancing marksmanship of the defence and paramilitary forces in live field firing exercises, BEL has inked a technical pact with Council of Scientific and In

Goa Shipyard lays keel for 3rd vessel of new class OPVs

Keel of the third Coast Guard Offshore Patrol Vessel (OPV) of the new 5 CGOPVs project for the Indian Coast Guard was ceremoniously laid at Goa Shipyard Ltd recently. The project is a follow on of 06 CG OPV project completed in 2017

Sudan govt wants ONGC Videsh to withdraw arbitration process

A Sudanese ministerial delegation recently paid a visit to ONGC Videsh office in New Delhi to discuss key issues on outstanding dues. The delegation apprised the ONGC Videsh that the government of Sudan is making sincere efforts to

Indian Oil announces Q1 2018-19 financial results

Indian Oil’s revenue from operations stood at Rs 1,49,747 crore in Q1 2018-19 fiscal as compared to Rs. 1,28,183 crore in the corresponding quarter of the previous fiscal. Profit for the first quarter of FY 2018-19 is Rs. 6,83

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