Shipping Corporation of India Ltd (SCI) has taken delivery of a 2001 Japanese built second hand Very Large Gas Carrier (VLGC) on September 14 at Khor Fakkan in UAE. It has been renamed as Nanda Devi. The corporation’s t
RailTel has achieved highest ever turnover of Rs 903 crore and clocked a profit before tax (PAT) of Rs 194 crore and net profit of Rs 130 crore in financial year 2016-2017. RailTel has said that the past year has been remarka
Union minister for civil aviation, P Ashok Gajapathi Raju unveiled a new campus of the Indian Aviation Academy (IAA) spread over 5.33 acres. Civil aviation, secretary, R N Choubey said India is poised to attain its coveted place on
Attributing enhanced focus on project execution as the reason behind Bharat Heavy Electricals Limited’s (BHEL) growth, the enterprise’s CMD Atul Sobti said BHEL achieved a capacity addition of 45,274 MW during the 12th five year plan p
Steel authority of India (SAIL) chairman PK Singh expressed confidence on improving the performance of the Maharatna PSU in the current fiscal because of a host of initiatives in almost every area of operations. During 45th annual g
Ministry of tribal affairs’ PSU— tribal cooperative marketing development federation of India limited (TRIFED) is contemplating to scale up marketing of tribal products through increase at its retail outlets throughout the country.
In the resolution of the issue of VAT deferment for Indian Oil Corporation’s (IOCL) Paradip refinery in Odisha, IOCL has made VAT payment of Rs 2,935 crore to Odisha government. The refinery had commenced commercial operations in November 20
In its bid to make the country self-reliant in the areas of 12 strategic minerals that are either not available in India or not available adequately, National Aluminium Company (NALCO), HCL and Mineral Exploration Corporation Limited (MECL), the C
The central government has agreed to transfer Hotel Jaipur Ashok at Jaipur and Lalitha Mahal Palace Hotel at Mysore of India Tourism Development Corporation Ltd (ITDC) to Rajasthan and Karnataka governments, respectively and disinvest ITDC shares
Navratna defence enterprise — Bharat Electronics Ltd (BEL) showcased defence products at the Defence and Security Equipment International (DSEI) 2017 Exhibition at London in UK between September 12 and 15. BE
ONGC Videsh Limited has announced that the consortium partners of the giant Azeri-Chirag-Deep water portion of Gunashli (ACG) fields in Azerbaijan have inked an agreement with Azerbaijan government and state oil company of the Azerbaijan Republi
The airports at Lucknow, Deoghar, Rajkot and Allahabad would be spruced up by Airports Authority of India to improve and develop infrastructure to meet growing traffic demands. The authority plans to construct a new integrated passe
Maharatna enterprise Steel Authority of India Limited (SAIL) has said that it supplied 80 percent steel required for construction of the Sardar Sarovar Project unveiled by prime minister Narendra Modi. SAIL s
Steel Authority of India Ltd (SAIL) has tied up an external commercial borrowing (ECB) of USD 350 million with State Bank of India (SBI) for a tenure of seven years. The Maharatna enterprise wants to use the
There has been growth of 17 percent in coal based thermal power generation, primarily due to reduction in hydro power generation by 12 percent, in nuclear power generation by 36 percent and others by 7 percent in August, 2017 compared to Aug
An integrated cargo terminal will be built by Airports Authority of India (AAI) after obtaining grant-in-aid under trade infrastructure for export scheme (TIES) of union ministry of commerce and industry. T
Defence Minister Nirmala Sitharaman laid emphasis on becoming self-reliant in defence production. She lauded defence public sector undertakings (DPSUs) and ordnance factories (OFs) for their efforts. The minister
The first consignment of 30 metric tonnes (MT) of high speed diesel (HSD) was sent from India to Myanmar by land route. Numaligarh Refinery Ltd. (NRL), which has been supplying HSD to Bangladesh, sent the first diesel consign
Hindustan Aeronautics Limited has signed a contract for supply of 40 Advanced Light Helicopters (ALH) to the army and one ALH to the navy. The contracts for supply of 41 advanced helicopters, worth Rs 6,100 crore will
National thermal power corporation (NTPC) has recorded 12.55 percent growth in power generation in August over corresponding period of last fiscal. A total of 22.347 billion units (BU) of power were generated in August 2017 a
