PSU

Steel policy to boost steel production to 300 million tonnes by 2030-31

Minister of steel Chaudhary Birender Singh chaired a meeting of the parliamentary consultative committee attached to the ministry of steel in New Delhi on initiatives taken by the steel ministry to enhance demand and production of steel in the cou

Railway Budget: A new track

This time of the year, the corridors of Rail Bhawan on Delhi’s Raisina Road, would normally have been abuzz with activity as officials would be at work tightening the nuts and bolts of the railway budget. The exercise was so time consuming,

ONGC begins to restore Varanasi kunds

 In order to restore the beauty and serenity of the kunds, Oil and Natural Gas Corporation Ltd (ONGC), an energy maharatna, is all set to clean the four kunds based at Varanasi -- Durga kund, Lakshmi kund, Sarangnath kund and Laat Bhairav kun

Govt invites bids to sell its 51 percent stake in Pawan Hans Ltd

  The department of investment and public asset management under the finance ministry has invited bids to appoint merchant bankers for selling the government’s entire 51 percent stake in Pawan Hans Helicopters Ltd—a

OMCs to bear charges on digital transactions at fuel pumps

  State-run oil marketing companies (OMCs) — Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd are likely to bear the burden of charges levied on digital transactions for

NTPC to acquire Rajasthan-based Chhabra power station

 National Thermal Power Corporation Ltd (NTPC) has inked a memorandum of understanding with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUN) and Rajasthan Urja Vikas Nigam Limited (RUVNL) to take over Chhabra Thermal Power Plant stage one

BHEL to build substations to evacuate power from India’s largest solar park

The Bharat Heavy Electricals Limited (BHEL), a maharatna undertaking, has bagged a mega order from Power Grid for the augmentation of three extra high voltage (EHV) substations in Karnataka on turnkey basis. Valued at Rs 96 crore,

Take GATE to land a PSU job

 The Graduate Aptitude Exam in Engineering (GATE) is turning out to be a sole deciding factor for recruitment of engineering graduates into the coveted Public Sector Undertakings (PSUs), reported The New Indian Express. The exam is

Centre okays 26% strategic sale in BEML

In a significant development, the government has approved 26 percent strategic sale in state-run BEML Limited, a mini-ratna (category-1) public undertaking. A notification to stock exchanges informed that the ministry of defence has approv

NTPC and others to announce investments in Gujarat summit

  With only a few days left in Vibrant Gujarat Global Summit 2017, the state government is likely to sign MoUs worth Rs 30 lakh crore, surpassing the investment pledged during the previous edition in 2015, reported The Economic Ti

Air India takes on Rajdhani, lowers fares

 In its bid to boost passenger traffic, national carrier Air India has slashed economy class fares to match those offered by Indian Railways premium train—Rajdhani Express on select routes. The Air India economy class fare sta

Mangalore Refinery, Chennai Petroleum hit 52-week high on BSE

 Shares of refineries and petro products firms – Mangalore Refinery and Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL), miniratna one category undertakings – have registered their respective 52-week highs on the Bo

Now get discount on online booking of LPG cylinders

 In a bid to encourage people to use digital modes of payments, oil marketing companies -- Indian Oil, BPCL and HPCL -- have decided to offer discount of Rs 5 on every LPG (cooking gas) cylinder to their customers booking cylinders online.

BHEL unveils 600 MW thermal plant in Telangana

 A 600 MW coal-based thermal power plant was recently commissioned by Bharat Heavy Electricals Limited (BHEL), a maharatna undertaking, in Telangana. The thermal plant unit has been commissioned at the 2x600 MW Singareni Thermal Pow

Oil PSUs team up for Skill India

Oil PSUs members have come together to set up a Skill Development Institute in Visakhapatnam (SDI-Vskp). The Members, HPCL, IOCL, BPCL, ONGC, OIL, GAIL, EIL and Balmer Lawrie, have taken this initiative for skills development of unemployed youth u

Indian PSUs: Is a metamorphosis possible?

BSNL was incurring `8,000 crore loss in 2014. But today it has earned an operating profit of `672 crore in just one and half years’ time,” proudly claimed IT minister Ravi Shankar Prasad, while addressing a ‘Vikas Parv’ fun

Need-based sale of four pharma PSUs` surplus land approved

 The union cabinet has approved the sale of surplus land of Hindustan Antibiotics Limited (HAL), Indian Drugs & Pharmaceuticals Limited (IDPL), Rajasthan Drugs & Pharmaceuticals Limited (RDPL) and Bengal Chemicals & Pharmaceutical

Railways doubles the compensation to accident victims

Over a month after hundreds of people lost their lives in Indore-Patna Express accident at Pukhrayan in Kanpur, railways has decided to double the compensation paid to train accident victims. As per the revised compensation rules, t

Aviation ministry to opt balance scorecard model to review PSUs’ performance

The civil aviation ministry is contemplating to begin the performance of public sector undertakings (PSUs) under its aegis on a balance scorecard methodology to put an end to the conventional ways of reviewing public enterprises’ performance

SAIL`s Rourkela plant posts best ever crude steel output

 Steel Authority of India Ltd’s (SAIL) unit Rourkela Steel Plant has posted its best ever single day crude steel output of 11,285 tonne from its two steel melting shops — SMS-I and SMS-II, reported Business Standard. Acc

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