PSU

First cargo of IndianOil’s crude oil imports from US shipped

 In a big leap aimed at diversifying its crude oil sources and boosting the country’s energy security, IndianOil Corporation has begun crude oil imports from the US. The first cargo of high-sulphur ‘Mars’ crude oil

REC posts profit of Rs 1,890 crore

 Rural Electrification Corporation (REC) Limited’s, total income, as on June 30, has risen to Rs 34,614 crore as against Rs 29,952 crore in the previous corresponding quarter. The profit before tax (PBT) for the quarter is Rs 1,890 cror

IRCTC unveils international tour packages

 Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), an Indian Railways’ PSU, has come up with an International tour package based on leisure and pilgrimage theme. IRCTC is one of the biggest e-commerce website acros

SAIL achieves significant growth in turnover

 Steel Authority of India Ltd (SAIL) clocked a turnover of Rs 12,860 crore in the first quarter of 2017-18 FY, registering a growth of 26 percent over the turnover of Rs 10,180 crore achieved in corresponding period last year (CPLY).

ONGC Foundation gives aid to National Cancer Institute

 ONGC has granted Rs 100 crore to turn the vision of affordable world class cancer care facilities in central India into reality. The National Cancer Institute’s (NCI) first phase at Nagpur was unveiled on August 13, 2017 in the presenc

BSNL unveils special tariff voucher for roaming

 BSNL has decided to allow the benefit of voice calling/SMS, special tariff voucher (STV) and combo vouchers in national roaming to its customers on the occasion of 71st Independence day on pan-India basis from August 15, 2017. BSNL

Finance ministry ropes in EESL for energy saving

 In its bid to bring down energy consumption by old government buildings that consume huge amount of power, the ministry of finance has asked central government establishments to install energy efficient appliances across India. The

Railways introduces high capacity parcel vans

To meet the demand of full vehicle load perishable traffic, Indian Railways has developed high capacity parcel vans, having capacity of 23 tonnes. These vans are attached to passenger trains subject to operational feasibility. To fa

More CCTV cameras for Chennai and Madurai airports

In order to bolster security, the airports authority of India (AAI) has assessed an additional requirement of 400 CCTV cameras for Chennai and 57 cameras for Madurai airport. At present, Chennai airport is having 651 CCTV cameras wh

Significant growth in air freight at Indian airports

Minister of state for civil aviation Jayant Sinha in a reply to a question in the Lok Sabha said that air freight handled at Indian airports has grown by over 20 times from 0.08 million metric tonnes (MMT) in 1972-73 to 2.5 MMT in 2014-15.

CSL equity issue oversubscribed

Union minister of road transport and highways and shipping, Nitin Gadkari said the government’s commitment to develop infrastructure has bolstered the faith of investors which has resulted in 76 times oversubscription of IPO of Cochin Shipya

Capital expenditure on defence purchase from Indian firms goes up

Minister of state for defence, Subhash Bhamre said that the capital expenditure on procurement of defence equipment from Indian vendors has increased from Rs 31,575 crore in 2013-14 to Rs 41,873 crore in 2016-17.   B

Shimla airport’s expansion work begins

Airports authority of India (AAI) has started undertaking restoration and expansion work at the Shimla airport.   The government has made a budgetary provision of Rs 124.22 crore for restoration, extension of apron t

New Exchange Traded Fund announced

 Finance minister Arun Jaitley has announced a new Exchange Traded Fund (ETF) —   BHARAT 22 which consists of 22 stocks of CPSE’s, public sector banks and strategic holding of SUUTI. Compared to energy heavy CPSE ET

NSIC’s online finance facilitation centre launched

 Minister of MSME/ Khadi and Village Industries Commission (KVIC), Uttar Pradesh, Satya Dev Pachauri inaugurated National Small Industries Corporation’s (NSIC) Online Finance Facilitation Centre at Kanpur. This is the eighth c

GAIL begins building Kerala stretch of gas project

 Maharatna enterprise GAIL has said that despite facing initial hurdles, the Kerala stretch of the Kochi – Koottanad – Mangaluru-Bengaluru pipeline project will gain impetus with commencement of construction work. The pi

Sri Lanka gets patrol vessel from GSL

 SLNS Sayurala is the first Advanced Offshore Patrol Vessel (AOPV) designed and constructed by Goa Shipyard Ltd (GSL) for Sri Lanka Navy. GSL delivered the vessel to Sri Lanka, 86 days ahead of contractual schedule. &nbs

IndianOil to expand Gujarat refinery

 IndianOil board has given its approval for expansion of the corporation’s Gujarat refinery from the existing 13.7 to 18 million metric tonnes per annum (MMTPA) of crude oil processing capacity at an estimated cost of Rs 15,034 crore.

Reviving SAIL

With an aim to boost production and sales, a committee comprising of members of the ministry of steel, PSUs and technical experts has been set up for the revival of Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL)

AAI signs MoU with Uttarakhand govt to strengthen civil aviation

The Airports Authority of India (AAI) has signed an agreement with Uttarakhand government and Uttarakhand Civil Aviation Development Authority (UCADA) to develop the civil aviation sector in the state.   The agreemen



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