PSU

Govt plans to install 300 mn tonnes of steel capacity by 2030, says steel minister

Chaudhary Birender Singh says SAIL is at par with any other international steel enterprise   Union minister of steel Chaudhary Birender Singh has said that SAIL is a major contributor of the country’s steel pro

BHEL to set up two solar photovoltaic plants in Gujarat

 BHEL has bagged two orders, valued at Rs 125 crore, for setting up solar photovoltaic (SPV) power plants in Gujarat. Both the plants will be built at Gujarat Solar Park in Gujarat. The first order for setting up a 20 MW SPV power p

First cargo of Das blend crude oil arrives in New Mangalore

ONGC Videsh Limited, a subsidiary of ONGC, has received the first equity cargo of Das blend crude oil in New Mangalore. The Das blend crude oil originates from the Lower Zakum oilfield in Abu Dhabi, which currently produces 4,00,000 barrels per da

NBCC to build AIIMS in Himachal Pradesh

Ministry of Housing and Urban Affairs’ PSU, NBCC (India) Ltd has bagged a contract for planning, designing and construction of All India Institute of Medical Sciences (AIIMS) at Kothipara in Bilaspur district of Himachal Pradesh. The prestig

Govt okays time bound closure of sick CPSEs

The cabinet has approved the department of public enterprises’ (DPE) revised guidelines on shutting down loss making CPSEs and disposal of movable and immovable assets. The revised guidelines are aimed to speed up closure of s

NTPC showcases green energy solutions in Kenya

NTPC has showcased India’s green power at Exhibition and Conference on Power and Energy 2018 in Nairobi, Kenya between May 29 and 31. NTPC, India’s largest power generating company with a commissioned capacity of 53,651

Rs 816 crore net profit for SAIL in Q4 17-18 FY

SAIL has recorded a net profit of Rs 816 crore in the fourth quarter of the 2017-18 FY. This comes after making a provision of Rs 582 crore towards enhanced gratuity recently approved by the centre. All the five integrated steel pla

Power ministry unveils PRAAPTI app and portal

Minister of state (I/C) for power and new and renewable energy RK Singh recently unveiled a web portal and an app, PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

ONGC mulls new reporting standard to improve credit rating

Oil and Natural Gas Corporation (ONGC) is contemplating to adopt a new reporting standard with respect to environment, social and corporate governance (ESG), which is being benchmarked on the international sustainability reporting guidelines.

NTPC’s profit after tax up by 10.21%

NTPC Ltd has declared audited annual financial results for 2017-18 FY along with the unaudited financial results for fourth quarter of the said fiscal. For 2017-18 FY, NTPC’s audited total income is Rs 85,207.95 crore, an incr

IRCTC unveils new portal with waitlist prediction feature

Indian Railways’ PSU, IRCTC has unveiled the new online ticket booking system, Next Generation e-Ticketing (NGeT) system to facilitate easy and fast booking of tickets by automating the journey planning and purchase of tickets.

BHEL’s profit before tax surges by 152%

Bharat Heavy Electricals Limited (BHEL) has posted quantum growth in its profit and order booking in 2017-18 fiscal, ending the year with significant traction in growth drivers. During the year, BHEL achieved a profit before tax (PB

Pawan Hans rolls out Shimla-Chandigarh Heli Taxi service

Pawan Hans Ltd in collaboration with Himachal Pradesh Government has launched Heli Taxi between Shimla and Chandigarh to promote Heli Tourism in the state. People have to shell out minimum fare of Rs 2,999 for a 20 minute-long ride

SAIL supplies 10,500 tonnes of steel in Kishanganga hydroelectric power project

SAIL has supplied 10,500 tonnes of steel for the 330 mega watt hydroelectric project, featuring three power generating units of 110 MW each. The enterprise’s steel supply consists of TMT rebars, structurals, plates and sheets.

Algerian Ambassador visits Goa Shipyard

The recent visit of Ambassador of Algeria to India H.E. Hamza Yahia Cherif to Goa Shipyard Limited has given a boost to the PSU’s ambition of receiving international orders from the Mediterranean region. CMD, GSL, Rear Admiral

IOCL posts Rs 21,346 crore net profit in 2017-18

IndianOil has clocked a net profit of Rs 21,346 crore for 2017-18 fiscal as compared to Rs 19,106 crore in the last fiscal. The reported revenue from operations for 2017-18 FY was Rs 5,06,428 crore as compared to Rs 4,45,442 crore in 2016-17.

NTPC to help Bihar improve power sector

A memorandum of understanding (MoU) was entered amongst Bihar government, Bihar State Power Holding Company Ltd. (BSPHCL), Bihar State Power Generation Co. Ltd (BSPGCL), North Bihar Power Distribution Company Ltd.(NBPDCL), South Bihar Power Distri

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


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