PSU

Goa Shipyard lays keel for 3rd vessel of new class OPVs

Keel of the third Coast Guard Offshore Patrol Vessel (OPV) of the new 5 CGOPVs project for the Indian Coast Guard was ceremoniously laid at Goa Shipyard Ltd recently. The project is a follow on of 06 CG OPV project completed in 2017

Sudan govt wants ONGC Videsh to withdraw arbitration process

A Sudanese ministerial delegation recently paid a visit to ONGC Videsh office in New Delhi to discuss key issues on outstanding dues. The delegation apprised the ONGC Videsh that the government of Sudan is making sincere efforts to

Indian Oil announces Q1 2018-19 financial results

Indian Oil’s revenue from operations stood at Rs 1,49,747 crore in Q1 2018-19 fiscal as compared to Rs. 1,28,183 crore in the corresponding quarter of the previous fiscal. Profit for the first quarter of FY 2018-19 is Rs. 6,83

HAL conducts successful trial of helicopter UAV

Hindustan Aeronautics Limited successfully demonstrated flight of a 10 kg rotary wing (Helicopter) unmanned aerial vehicle (RUAV) recently. The RUAV is capable of carrying payload of 2.5 kg and it comes with live stream video camera

NBCC clinches Rs 400 crores contract in Dubai

NBCC (India) Limited has bagged a Rs 400-crore project awarded by the department of commerce, union ministry of commerce and industry to build India Pavilion at the Dubai World Expo 2020. The scope of work of the project includes co

Two fold rise in NALCO’s operating profit

NALCO has once again repeated its stupendous performance by registering profit after tax of Rs 687 crore in the first quarter of 2018-19 FY, posting a growth of 167 percent. As compared to the corresponding quarter of the last year,

Three ports may acquire stakes of Dredging Corporation of India

Minister of state for shipping, road transport and highways and chemical and Fertilizers Mansukh L Mandaviya recently said the government is considering the proposal of acquiring shares of Dredging Corporation of India by Visakhapatnam Port Trust,

Defence acquisition council okays acquisition plan of 83 LCA Tejas

For production of Light Combat Aircraft (LCA) Tejas, Hindustan Aeronautics Limited has received orders from Indian Air Force for 40 aircraft (20 initial operational clearance (IOC) standard and 20 final operational clearance (FOC) standard).

Sumitra Mahajan hands over 5 croreth Ujjwala gas cylinder to beneficiary

Lok Sabha Speaker Sumitra Mahajan handed over 5 croreth LPG connection under Pradhan Mantri Ujjwala Yojana (PMUY) to Takrdiran of Delhi at the Parliament House. Mahajan lauded the collective efforts the oil marketing companies (OMC

Konkan Railway to begin Kolhapur-Vaibhavwadi section work

Indian Railways’ PSU, Konkan Railway will soon begin the work on the 103 km Kolhapur-Vaibhavwadi section. The decision was taken at a review meeting of Konkan Railway chaired by minister of commerce & industry and civil av

SAIL’s turn over up by 22.42% in Q1

SAIL has posted a profit after tax of Rs 540.43 crore in the first quarter of the current fiscal. SAIL’s turnover in Q1 2018-19 FY rose by 22.42 percent over the corresponding period of the previous year to Rs 15,743.21 crore.

LCA proves deck landing capability, puts India in select elite club

India has joined the select club of US, Europe, Russia and China after the light combat aircraft (LCA) Navy proved its capability of deck landing. The LCA Naval Prototype 2 (NP2), piloted by Captain Shivnath Dahiya safely executed t

ONGC ranks 197 in Fortune Global 500 list

Oil and Natural Gas Corporation Ltd (ONGC) has been ranked 197 in the coveted Fortune Global 500 list. The ranking has come on the heels of robust fiscal and physical performance in 2018-19 FY, in-spite of volatile global oil prices and operationa

NTPC power generation surges by 7.45% in Q1 2018-19 FY

Country’s largest power generator NTPC Ltd has generated 69.21 billion units in the first quarter of the current fiscal as against 64.41 BU produced in the corresponding previous quarter, posting a surge of 7.45 percent. NTPC

Taiwanese keen to invest in a petrochemicals cracker plant in India

A Taiwanese delegation comprising government officials and senior level officers of CPC Corporation, Taiwan recently met petroleum minister Dharmendra Pradhan to discuss the CPC’s proposed investment in a petrochemicals cracker plant in Indi

Price of subsidised LPG gas up by Rs 1.76 per cylinder

Indian Oil Corporation has increased the price of LPG cooking gas by Rs 1.76 per cylinder, taking cost of a subsidised cylinder from Rs 496.26 in July to Rs 498.02 in August in Delhi for domestic customers. While the price of non-su

BHEL’s turnover up by 8 percent

BHEL has reported a quantum jump in profitability and order booking in the first quarter of 2018-19 FY.   BHEL has clocked a significant jump of 109 percent in its profit before tax at Rs 226 crore, as against Rs 108 cro

No shortage of coal for power, says Piyush Goyal

Minister of railways, coal, finance and corporate affairs Piyush Goyal has denied that there is shortage of coal for the power sector. He said in the beginning of 2018-19, Coal India Limited (CIL) had a pithead stock of 55.55 millio

SAIL’s three cadets win scholarship under Khelo India Talent Identification Development scheme

Three cadets of Hockey Academy of SAIL, Rourkela Steel Plant have clinched Sports Authority of India’s scholarship under Khelo India Talent Identification Development scheme. The cadets were selected on the basis of their perf

BEL inks pact with Saab, Sweden for marketing air surveillance radar

An agreement has been signed between Bharat Electronics Ltd (BEL) and Saab, Sweden for jointly marketing L-Band 3D air surveillance radar, RAWL-03, jointly by BEL and Saab.   BEL has joined hands with Saab, Sweden and US

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