In a bid to push for erection of nuclear power projects, the cabinet has given green signal to amend the atomic energy act and allow joint sector units. "The amendment has been brought in to facilitate the fast expansion of the
A proposal that could lift spirits of small and micro enterprises, central government ministries and public sector undertakings have been told to procure ‘at least’ 20 per cent of their annual value of goods or services from SME sector
Reversing in the welcome trend, state-run BSNL has reported an operating profit of Rs 672 crore for the financial year 2015. This has been achieved due to fall in administrative costs and jump in revenues. The company had posted an
State-owned natural gas processing and distribution company GAIL (India) Limited has topped the public sector undertakings in the Carbon Disclosure Leadership Index (CDLI) released by Carbon Disclosure Project (CDP)-India. GAIL scor
ONGC reported a weak set of second quarter earnings with net profit declining 31 percent to Rs 4,842 crore and revenue falling 9.4 percent to Rs 20,679 crore. Last financial year, the company clocked in production of 25.94 mil
The Maharashtra government has decided to disinvest its assets in seven loss-making public aector wnterprises (PSEs) in the state. At present, there are 55 such PSEs under administrative control of 20 departments. The seven ailing P
The joint venture formed by Bharat Electronics Ltd (BEL) and Thales, for the manufacture of civil and military radars, has started production for the Indian Air Force. BEL, the Navratna PSU, holds a 74 per cent stake in the joint ve
The odisha government has announced monetary awards for the employees of state public sector undertakings (PSUs) for efficiency in functioning. The award will be given in seven categor
Solar Thermal Cooking System, an innovative low carbon, all weather cooking solution has been installed at an NTPC station. AK Jha, CMD, NTPC inaugurated the STCS which is a joint initiative of NTPC Dadri and NTPC Energy Technology Research Allian
NTPC-SAIL Power Company Pvt. Ltd (NSPCL), a 50:50 joint venture of NTPC Limited and Steel Authority of India Limited (SAIL), paid total dividend of Rs100 crore for the year 2014-15 which is 10.20% of equity share capital. NSPCL has been consistent
The government is considering a proposal to make it mandatory for the public sector undertakings to import of commodities, including oil and coal, to engage the services of Shipping Corporation and other domestic companies. The importing fir
Public sector units may open up now. The Department of Disinvestment (DoD) likes to see listed public sector undertakings (PSUs) in more proactive mode in having investor contact and keep them updated on company plans. This will translate into bet
State-owned NTPC Ltd, India’s largest power producer, has appointed consultancy firm KPMG to work out a new strategy to face the challenges of an evolving energy landscape. As part of the exercise, KPMG will revise the N
NTPC will invest over Rs.5,000 crore on expansion of Simhadri Super Thermal Power Station near Parawada. The district administration has been approached for allotment of site required for the Brownfield project. “We have ident
Unspent money of the state`s different ventures would now be kept with the Rajasthan State Power Finance Corporation Limited instead of the banks. The corporation, which will be rechristened as Rajasthan State Power Finance and Financial Servic
The Jharkhand government has cleared deck for commissioning work for the 450km natural gas pipeline in the state under the energy highway project. The Raghubar Das-led NDA government signed a memorandum of understanding (MoU) with the Gas Au
Foreign institutional investors (FIIs) sold equity shares worth nearly Rs 5,000 crore in public sector undertakings (PSUs), including banks, in the July–September quarter, while domestic institutional investors were net buyers of Rs 27,259 c
NTPC - SAIL Power Company has been provided environment clearance for expansion of its Durgapur captive power plant in West Bengal with an investment of Rs 362 crore. The company is a joint venture between state-owned firms, the cou
The work on the 4,000 MW dedicated power project for Telangana being set up by the National Thermal Power Corporation (NTPC) at Ramagundam in Karimnagar district has gained momentum with tying up of 4.73 TMC ft water per annum from Sripada Yellamp
The state-owned Bharat Heavy Electricals (BHEL) said it has commissioned 2,730 MW of utility power projects in the first six months of 2015-16. "BHEL has once again demonstrated its project execution prowess with the commission
