PSU

Boost nuclear power sector as NPCIL is allowed to form joint ventures

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

PSUs procurement norms changed to benefit SMEs

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

BSNL rings in profit with cuts in administrative cost

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

GAIL tops carbon disclosure index list in PSUs

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’s net profit declines

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

Maharashtra government to disinvest in loss-making units

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

BEL-Thales JV begins production of radars

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

Odisha PSU staff to get awards

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

First Solar Thermal Cooking System installed in NTPC Station

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

NSPCL pays Dividend to NTPC

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

PSUs to boost fortunes of domestic shipping industry

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

PSUs to be more investor-friendly as govt looks to sell shares

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

KPMG to chart out NTPC’s future

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 Simhadri seeks land for expansion project

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

Rajasthan to keep unspent money with finance corporation

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

Jharkhand government, GAIL ink MoU for natural gas supply

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 investors sell Rs 5,000 cr of PSU stocks in Q2

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

Okay for NTPC - SAIL

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

NTPC thermal project for Telangana gains pace

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

BHEL starts 2,730-MW power projects

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

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter