Three power stations of NTPC, India’s largest power utility, incurred an extra expenditure of Rs 2,483.39 crore due to procurement of coal through costly sources during the period from 2010-11 to 2015-16, noted an audit report.
The government has made a provision in the 2017-18 budget to raise Rs 72,500 crore through disinvestment of public sector undertakings (PSUs), including listing of IRCTC, IRFC and IRCON which are railway PSUs. The government’s move of merger
Union minister of state development of north-eastern region (DoNER), PMO, personnel public grievances & pensions, atomic energy and space, Jitendra Singh recently informed Rajya Sabha that proposals for setting up of ten indigenous pressurised
Hindustan aeronautics limited (HAL), a Navranta PSU has rolled out the first indigenously upgraded Hawk Mk132 aircraft, named as Hawk-i on the eve of Republic Day celebrations. “This is the 100th Hawk aircraf
National thermal power corporation (NTPC) limited – a Maharatna enterprise has successfully issued its first Euro denominated bond worth EUR 500 million on January 25. The 10-year-bond has been issued at a co
The income from operations for the first nine months of 2016-17 fiscal of Indian Oil was Rs 3,23,120 crore as compared to Rs 3,08,112 crore in corresponding period of 2015-16 fiscal. Indian Oil’s income from
The gas authority of India limited (GAIL) — a Maharatna PSU has recommended issuance of one bonus share for every three equity shares held of Rs 10 each fully paid up, subject to shareholders approval. The de
Andhra Pradesh government and ONGC — a Maharatna PSU signed an agreement on January 27 to take forward all critical oil and gas exploration and production (E&P) activities to the state. Andhra Pradesh wit
In a first, oil and natural gas corporation (ONGC) has become the first public sector enterprise to introduce a unique portal on gender sensitisation to impart training on prevention of sexual harassment (PoSH) at workplace. The po
A universal rail mill (URM) built at a cost of Rs 1,200 crore at steel authority of India ltd’s (SAIL) Bhilai steel plant has been unveiled recently. The commencement of the new facility has enabled SAIL- a Maharatna PSU to begin comm
The centre has approved the proposal to transfer 11.35 acres of land to airports authority of India (AAI) by way of exchanging equivalent land of AAI with Bihar government to expand the Patna airport. The Bihar government has also a
In order to promote solar energy initiatives, rural electrification corporation ltd (REC)- a Navratna PSU has extended a financial aid of Rs 14.2 crore to Indian Institute of Management, Tiruchirappalli in Tamil Nadu for installation of 2 MW solar
The growing consumption of diesel has been a matter of concern for the Indian Railways. Not only does its emission cause environmental damage, buying diesel involves huge foreign exchange outflows. To tackle these problems, the railway
National buildings construction corporation Ltd, (NBCC) Indian Navy and NBCC Services Ltd (NSL) have inked an agreement to build a Sahara Widows Hostel at Vasant Kunj in New Delhi for Indian Navy under CSR initiative. The MOU was si
The Bharat Heavy Electricals Limited (BHEL), in association with ABB, has bagged an order from Power Grid Corporation of India Limited. BHEL’s work is valued at Rs1,360 crore for establishing a + 800 kV, 6,000 MW high voltage direct c
The central public sector enterprise (CPSE) exchange traded fund (ETF) gets bids of around Rs 12,000 crore – over two and a half times the base issue size of Rs 4,500 crore, a PIB release said. ETF is a marketable security th
In its bid to maximise accuracy at its supply points by leveraging technology, Indian Oil Corporation Ltd (IOCL), a Maharatna PSU, has commissioned 40 SMART terminals and will convert the remaining by 2018 fiscal-end. Its first SMART terminal wa
Oil and Natural Gas Corporation (ONGC) has unveiled a fuel conservation campaign rechristened as Saksham (Sanrakshan Kshamta Mahotsav). Minister of state for petroleum and natural gas, Dharamendra Pradhan inaugurated the month long awareness dri
The cabinet committee on economic affairs led by prime minister Narendra Modi has approved alternative mechanism, to take a call on the quantum of disinvestment in a particular central public sector undertaking (CPSE) on a case by case basis sub
The cabinet committee on economic affairs (CCEA) chaired by prime minister Narendra Modi has approved listing of five state-run general insurance companies. The move is aimed at further accelerating government’s plans to raise money through
