PSU

NTPC bond issue receives thumping response

NTPC’s Series 67 bond issue through private placement, whose bidding took place recently, has received overwhelming response from the investors.   Against an issue size of Rs 500 crore with green shoe option to ret

Light combat helicopter carries out air to air missile firing on moving target

Hindustan Aeronautics Limited-made light combat helicopter (LCH) has successfully carried out air to air missile firing on a moving aerial target recently.   The tests were jointly conducted by test pilots and engineers

Delhi-Chandigarh highway to get solar powered e-vehicle chargers

Maharatna enterprise BHEL has decided to build a network of solar-based electric vehicle chargers (SEVC) on the Delhi-Chandigarh highway. The project is covered under the FAME scheme (faster adoption and manufacturing of hybrid and electric vehicl

BHEL and Libcoin to set up India’s first lithium-ion battery plant

The government has said that state-run BHEL and Libcoin are in talks to form a world class consortium to initially build 1 GWh (Gigawatt hours) lithium ion battery plant in India. The plant’s capacity will be enhanced up to 30 GWh after some

Modi govt okays pay scale regularisation of hydro CPSEs

The centre has given the green signal for regularisation of pay scales of board level executives in National Hydroelectric Power Corporation Ltd (NHPC), North East Electric Power Corporation (NEEPCO), THDC India Ltd. (formerly Tehri Hydro Developm

Numaligarh Refinery expansion plan approved by govt

The government has given approved the project for capacity expansion of Numaligarh Refinery from 3 MMTPA (million metric tonne per annum) to 9 MMTPA.    The plan envisages setting up of crude oil pipeline from Parad

CONCOR kicks off coastal operations

Indian Railways’ PSU, Container Corporation of India Ltd (CONCOR’s) maiden voyage vessel- SSL Mumbai was flagged off from Kandla Port to Tuticorin Port by railways minister Piyush Goyal and minister of road transport and highways, ship

What’s wrong with the Indian PSUs?

The recent move by the Hindustan Aeronautics Limited (HAL) to borrow Rs 962 crore from banks to pay salaries to its employees has once again exposed the sorry state of the public sector undertakings (PSUs). After reports of HAL’s fin

25 percent increase in coal stock in power plants, says coal ministry

In order to fulfill the energy demand in the winter season, ministry of coal has increased the coal stock and coal supply to the power plants.   Ministry claims the coal stock in power plants as on December 31, 2018 was

Vice president hands over six croreth LPG connection under PMUY

Vice president M Venkaiah Naidu on Wednesday handed over 6 croreth LPG connection under Pradhan Mantri Ujjwala Yojana (PMUY) to Delhi`s Khanpur resident, Jasmina Khatoon. Vice president while acknowledging the vision of prime minister Na

50 MW LNG project in Andaman to be built by NTPC

Prime Minister Narendra Modi laid the foundation stone of the 50 Mega Watt liquefied natural gas (LNG) based power project in south Andaman.   The Rs 387.80 crore-plant will take around 18 months to be operational.

Foundation stone laid for civil enclave at Darbhanga airport

Union minister of commerce and industry and civil aviation Suresh Prabhu and Bihar chief minister Nitish Kumar laid foundation stone for the development of civil enclave at Darbhanga airport.   Darbhanga airport belongs

BHEL to build Rs 3,500 crore supercritical thermal power plant in West Bengal

BHEL has secured a major order for developing a 660 MW supercritical thermal power plant in West Bengal.

LPG gas prices reduced by Rs 120.50 per cylinder

The government has reduced the price of non-subsidised LPG gas in Delhi by Rs 120.50 per cylinder from January 1, 2019.   The price reduction has been attributed to plummeting prices of LPG in global market and strengthe

AAI sets a new benchmark in reducing carbon footprint

 Airports Authority of India (AAI) has said it is consistently working on the 2030 Agenda for Sustainable Development. By implementing cost effective carbon mitigation action to conserve environment and reduce its adverse impact on the societ

Seven PSUs to be listed on stock exchange

 The Centre on Friday has given its go ahead to list seven central public sector enterprises (CPSEs) on the stock exchange through initial public offering (IPO) and further public offer (FPO).   The PSUs include Tel

Rs 10,806.92 crore spent by CPSEs for CSR projects in three years

The centre has said 384 CPSEs have spent Rs 10,806.92 crore for carrying out corporate social responsibility activities and projects between 2015-16 and 2017-18 FY.   According to data, 106 CPSEs incurred an expenditure

PM Modi to lay foundation of Paradip Hyderabad and Bokaro-Dhamra pipeline project

Prime minister Narendra Modi will lay the foundation of Paradip Hyderabad pipeline product project (PHPL) by IOCL and Bokaro-Angul section of Jagdishpur-Haldia & Bokaro-Dhamra gas pipeline project (PM Urja Ganga) being executed by GAIL on Dec

PM Modi dedicates new complex at Bamrauli airport in Prayagraj

Prime minister Narendra Modi unveiled a new airport complex at Bamrauli airport in Uttar Pradesh’s Prayagraj district on December 16.   Modi applauded the efforts of the airports authority of India (AAI) to complet

Foundation stone laid for Vijayawada airport terminal building

 Vice President M Venkaiah Naidu recently laid the foundation stone of new integrated terminal building of Vijayawada airport.   Vijayawada airport’s terminal building will be spread across 35,000 sq metres an



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