PSU

Bangladesh Coast Guard DG evinces interest in GSL products

Bangladesh Coast Guard’s director general Rear Admiral Aurangzeb Chowdhury recently paid a visit to Goa Shipyard Limited.   GSL CMD Rear Admiral (Retd) Shekhar Mital briefed the DG about various shipbuilding, ship

Hindustan Aeronautics Ltd gets a new chief

Hindustan Aeronautics Limited (HAL)’s new CMD R Madhavan has vowed to maintain the numero uno position of the defence PSU in the aerospace industry and deliver world class products through increased indigenisation.  

SAIL Q1 turnover increases by 22.42%

Steel Authority of India Ltd. (SAIL) has clocked a profit after tax (PAT) of Rs 540.43 crore in the first quarter (Q1) of current fiscal. SAIL’s turnover in Q1 2018-19 rose by 22.42 per cent over corresponding period of the last year to Rs 1

Oil minister urges entrepreneurs to invest in Odisha

Aiming at drawing heavy investments in Odisha, a Textiles and Plastics Investors Conclave was inaugurated by union minister for petroleum and natural gas Dharmendra Pradhan in Surat.   Organised by Indian Oil Corporation

Online portal for carrier capacity booking on GAIL’s pipelines unveiled

To facilitate gas trading on hub or exchange traded platforms in India, minister for petroleum and natural gas Dharmendra Pradhan recently unveiled an online portal to enable easy, efficient and transparent booking of common carrier capacity for n

Railways to save Rs 20 cr annually by using natural gas in workshops, production units

The chairman of the railway board Ashwani Lohani has directed officials to connect all 54 workshops, production units, residential colonies, training institutions and IRCTC base kitchens of the railways with natural gas pipeline by June 30, 2019 s

Jabalpur airport to be upgraded

Airports authority of India (AAI) has begun the process of upgrading Jabalpur airport to provide better services to flyers of the region. Union minister of commerce & industry and civil aviation Suresh Prabhu recently laid the foundation stone

BEL to manufacture training aid to sharpen shooting skills of defence personnel

In a bid to design and produce electronic target system (ETS), a modern training aid for enhancing marksmanship of the defence and paramilitary forces in live field firing exercises, BEL has inked a technical pact with Council of Scientific and In

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



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