Finance minister in the budget speech talked about the need of infusing more capital in the public sector banks (PSBs) to keep them in line with Basel-III norms. Following which finance ministry ha
The civil aviation ministry has that there was no question of closing Air India. Minister of Heavy Industries Anant Geete had said in a written reply to the Lok Sabha that Air India and MTNL were a
Indradhanush, the seven-pronged strategy for public sector banks announced by the government has a potential to boost the performance of PSU banks but may fail on three counts, says a report by CRI
Subrata Biswas, 56, has assumed charge as director (engineering, research & development) of the Maharatna Public Sector engineering and manufacturing enterprise. This is a board-level appointme
The Airports Authority of India (AAI), a miniratna (category-I) public Sector Enterprise entered in to an agreement with NIIT on 29.09.2015 to impart MS Office and computer fundamental training to
In a dividend payment that is fifth highest among all the public sector undertakings, NTPC Limited has paid a total dividend of Rs. 2,061.37 crore for the financial year 2014-15. This amounts to 25
The global roadshows at four locations to attract investments for its big-ticket stake sale in the country’s largest power producer NTPC and BEL began on Monday (Oct 5). The campaign that may
Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 31% for fiscal 2014-15. In value terms, the total dividend paid for fiscal 2014-15 amounts to Rs.284 Crore, which is 58%
NHPC Ltd. has extended the deadline for bids to construct civil works of the powerhouse complex of the 2,000-MW Subansiri Lower hydroelectric project on the Subansiri River in India`s Arunachal Pra
The Public Enterprises Selection Board (PESB) has invited applications for the post of chairman and managing director (CMD) at state-owned Power Finance Corp. Ltd (PFC). The company’s current
To meet the union budget estimates, all profit-making public-sector undertakings (PSU) have been asked to pay a minimum dividend of 30 per cent of post-tax profit for 2015-16. Earlier, only the ups
Indian Oil Corporation is planning to spend about $5 billion (nearly Rs 32,500 crore) to expand its exploration and production business. More than half the amount is likely to be ear
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
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
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 inst
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
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 upda
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 Corporati
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 NTP
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 ye
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 Disclo
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 r
Finance minister Arun Jaitley will meet heads of PSU banks today (Monday) to discuss loans, interest rate reduction and jan dhan yojana. The performance review meeting of public sector banks (PSBs)
In what could possibly thaw the ice between the Centre and Opposition, Prime Minister Narendra Modi on Friday evening met Congress president Sonia Gandhi and former prime minister Manmohan Singh to
Government has no proposal to disinvest stake in BSNL and MTNL as part of their revival strategy. To a question whether the government has any proposal to disinvest BSNL and MTNL as
Indian Oil Corp aims to invest Rs 40 billion ($600 million) in upgrading its newest refinery in Paradip, Odisha, after the government decided to fast track the introduction of road vehicle fu
Air India will hire over 500 type-rated pilots on contract basis for the carrier’s narrow-body fleet, which is expected to grow to about 80 aircraft by March 2018. This will be one of the lar
Indian Railway has selected ‘Vitality’, the colour scheme inspired by ‘cheetah’, the fastest moving animal, created by the National Institute of Design for the coaches of th
The government has exempted customs duty on goods imported for producing oil and gas from 69 oil fields of ONGC and Oil India. This aims at boosting domestic production of oil and ga
Bharat Heavy Electricals Ltd (BHEL) has commissioned a 520-mw coal-based thermal power unit in Andhra Pradesh. "The unit has been commissioned at the 2x520 mw Vizag Thermal Powe
In 1991 when the government first decided to divest its equity stake in public sector enterprises (PSUs), Yashwant Sinha, then finance minister, said that disinvestment would “broad-bas
President Pranab Mukherjee has advised central public sector enterprises (CPSEs) to collaborate and p
With a vision to create an ideal institution for PSU employees and develop a public sector cadre of professionals, the Standing Conference of Public Enterprises (SCOPE) will establish an Academy of
State-run companies need to be kept at an arm`s length from their administrative ministries and should be given more freedom and flexibility, said NITI Aayog CEO Amitabh Kant. He sa
Coal secretary Anil Swarup said through technology “we were able to clear projects worth Rs 6 lakh crore” as he laid stress on improving efficiency in PSUs. He said wh
The heads of India’s top PSUs on Wednesday deliberated upon the role of technology to turnaround their fortunes and demonstrated how they used their capabilities to make their working absolut
Transforming PSUs through information and communication technology [ICT] was exhaustively discussed during the second session of the day-long Governance Now India PSU IT Forum held in Delhi.
In an interactive session on leveraging new age technologies, such as big data analytics, cloud and industrial internet of things, Alok Khanna, executive director-IS at IOCL said that often people
In the session on ‘Managing network, data and physical security’ experts talked about various technologies and ways in which PSUs can take protection measures via technology. Gaurav Tri
A road map for the financial restructuring of central public sector enterprises (CPSEs) through various mechanisms, including mergers, would be drawn up soon. Also, the government is looking for op
The appointments committee of the cabinet (ACC) has delegated its power to approve additional charge arrangements of the board level posts in central public sector enterprises (CPSEs) to the
NITI Aayog has recommended disinvestment of central public sector enterprises (CPSEs) such as Air India after they are revived. It has also recommended immediate winding up 26 state-run companies
For the first time, the coal ministry expects to discover market-determined prices for coal after it allots 16 coal mines to state government-run companies for commercial mining. The
Oriental Bank of Commerce (OBC) has a reason to smile at a time when many of the public sector banks (PSB) are struggling due to bad loans, non-performing assets (NPA) and economic slowdown. Wh
The government has asked state-run Power Finance Corp (PFC) and Rural Electrification Corp (REC) to focus on funding renewable energy projects. The minister for power, coal, renewab
The government has extended the term of Bharti S Sihag as the chairman and managing director (CMD) of National Mineral Development Corporation (NMDC), India’s largest iron ore miner, for thre
The department of telecommunications (DoT) has formed a search-cum-selection committee to find a full-time chairman and managing director (CMD) of state-run telecom company MTNL, for a period
The government will soon take up proposals for strategic disinvestment of central public sector undertakings, from the list submitted by the government think tank NITI Aayog.
As many as 40 central public sector enterprises (CPSEs) are running without a regular chief executive, parliament was informed today. These include MTNL, Shipping Corporation of India, NMDC and Ras
The government has turned to state-run companies to contribute to an account created to finance the prime minister`s Swachh Bharat programme. The department of public enterprises (DPE) has sent out
The Comptroller and Auditor General (CAG) of India has heavily criticised the central public sector undertaking (PSU) HLL Lifecare Limited, which makes and markets a range of health care products.
NBCC (formerly National Buildings Construction Corp), a Navratna PSU, has been growing from strength to strength. Its CMD Anoop Kumar Mittal tells Pankaj Kumar that it
Prime minister Narendra Modi, during his independence day speech on Monday, said that public-sector behemoths like Air India and BSNL are now making profits. His reference to turning around of loss
The state-owned ailing flag carrier is in news again. Air India, which has been under losses for over a decade now, has made operating profit estimated at a little over Rs 100 crore in the financia
The department of public enterprises (DPE) is creating a databank of surplus land holdings of central public sector units (PSUs) across the country for auction. The
The Cabinet Committee on Economic Affairs has given its approval to an acquisition by ONGC Videsh Limited (OVL) for 11 percent stake in JSC Vankorneft from M/s Rosneft Oil Company (Rosneft), the Na
The union cabinet chaired by prime minister c has given in-principle approval to Niti Aayog’s proposal for strategic sale in public sector undertakings (PSUs), on Thursday. The Cabinet meetin
The spending under corporate social responsibility (CSR) by the NSE listed companies has seen a huge increase of 28 percent in 2015-16. The Companies Act (2013) has statutory provisions, making CSR
The department of heavy industries has partnered with IIT-Kharagpur to set up a centre of excellence on advanced manufacturing, in a move to step-up the Make in India initiative. &n
There are early signs of a turnaround at Air India. It has increased its revenue per regular employee by over 12% to Rs 1.09 crore in the year. This was achieved by reducing the number of regular e
Only five public sector undertakings (PSU) have confirmed their presence for recruitment at the premier IITs. Most of the IITs had reached out to 80-odd PSUs in the cou
Numaligarh Refinery Limited (NRL), based in Assam, has become the first public sector oil company in the country which has completely replaced hard copy of invoices with digitally signed ones
Nashik Thermal Power Station (NTPS), part of Maharashtra State Power Generation Company Limited, has reduced the use of the power in the year 2015-16 as against that used in 2014-15, helping
The country’s largest electricity generation station, National Thermal Power Corporation’s (NTPC) Vindhyachal power plant in Madhya Pradesh, has bagged the IPMA International Proj
In what could be seen as a direct impact of demonetization on the transport sector, huge inventories have piled up at Gas Authority of India Limited’s (GAIL) petrochemicals facilities a
Public sector units (PSUs) have suffered less compared to others amid the current market meltdown, limiting notional loss in market value for exchequer, reported Business Standard. T
There is no proposal to acquire Gujarat State Petroleum Corporation (GSPC) by Oil and Natural Gas Corporation Limited (ONGC), minister of state (I/C) for petroleum and natural gas Dharmendra Pradha
A 93 MW steam turbine-based captive power plant (CPP) has been commissioned by Bharat Heavy Electricals Limited (BHEL) for Reliance Industries Ltd (RIL) at Hazira in Gujarat.
The government has given in principal approval of strategic disinvestment of Salem Steel Plant (SSP) – the loss-making subsidiary of the country’s biggest steelmaker Steel Authority of
State-run Bharat Sanchar Nigam Ltd (BSNL) has registered almost six-fold jump in operating profit during 2015-16 fiscal at Rs 3,855 crore from Rs 672 crore in the preceding fiscal. BSNL’s rev
Coal India Ltd (CIL), a maharatna PSU, produced 323.57 million tonnes (MT) of coal in the first eight months of the current fiscal, reported Press Trust of India. However, the world
The shipping ministry held a consultation meeting with various stake holders on ‘Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports’. The pol
The government has approved the proposal of shutting down the loss-making Kota unit of Instrumentation Ltd and hand over the company’s Palakkad division to the Kerala government.
Prior to taking over as CMD, Singh was holding the charge of director (technical) in the mini ratna 1 hydro power firm and his tenure as CMD shall be up to April 30 2021. According to a s
The company is also looking at scaling up its petrochemical production capacity to clock larger margins, MRPL managing director H Kumar told PTI. “We have asked Engineers India
The government expects foreign direct investment in the hydrocarbon sector to pick up, said Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek who added that the key dri
Country’s largest steelmaker-- Steel Authority of India Limited (SAIL) on Thursday claimed of registering slump in standalone net loss at Rs 730.72 crore for the quarter ended September 30, h
Cochin Shipyard, Hudco and Hindustan Aeronautics are likely to file draft red herring prospectus within a week with market regulator Sebi for their initial public offering (IPOs). &
State-owned enterprises aren’t holding back on their capital expenditure (capex spends) even though there has been negative cash flows last year. Many are utilising the profits generated in t
“There is an idea circulating that Air India will do better if its debt is restructured,” union civil aviation minister Ashok Gajapathi Raju told Hindu BusinessLine. The
The Bharat Heavy Electricals Limited (BHEL) has bagged a major order for the supply of 118 traction converters for 3 Phase 6,000 HP Electric Locomotives. Indian Railways’ Chit
The cabinet secretariat is likely to issue a directive to the ministries concerned shortly to explain the slackness as well as steps being taken to bring initial public offerings (IPOs) of unlisted
NTPC Limited and National Aluminium Company Limited (NALCO) have signed a Memorandum of Understanding (MoU) for power generation. A 2400 MW coal based power project will be establis
National carrier Air India will get only Rs 80 crore as additional budget support in the current financial year from the government – much below its demand of Rs 2,200 c
Rail Vikas Nigam Limited (RVNL) and ministry of shipping’s joint venture, Indian Port Rail Company Limited (IPRCL), has completed the pre-feasibility study of a heavy haul rail co
Public Sector Undertakings are a great tool for economic development and they should do well and make profits, said Babul Supriyo, minister of state, heavy industries and public enterprises, who wa
Public sector today plays a big role in the economy and it is in “direct competition with the private sector”, said Ram Vilas Paswan, union minister of consumer affairs, food and public
We need to build a strong country through a strong PSU community, said Vinit Goenka, member IT taskforce, ministry of shipping, road transport and highways in his opening address at the Governance
Technology can play a crucial role in helping PSUs perform better and strengthen India, said a panel of experts on public policy and business at a panel discussion during Governance Now fourt
The Oil and Natural Gas Corp. Ltd (ONGC), a Maharatna PSU, has decided to buy an 80 percent stake and development rights in Gujarat State Petroleum Corp. Ltd’s (GSPC’s) Deen Dayal
Steel Authority of India Ltd’s (SAIL) unit Rourkela Steel Plant has posted its best ever single day crude steel output of 11,285 tonne from its two steel melting shops — SMS-I and
The civil aviation ministry is contemplating to begin the performance of public sector undertakings (PSUs) under its aegis on a balance scorecard methodology to put an end to the conventional ways
The union cabinet has approved the sale of surplus land of Hindustan Antibiotics Limited (HAL), Indian Drugs & Pharmaceuticals Limited (IDPL), Rajasthan Drugs & Pharmaceuticals Limite
BSNL was incurring `8,000 crore loss in 2014. But today it has earned an operating profit of `672 crore in just one and half years’ time,” proudly claimed IT minister Ravi Shankar Prasa
Oil PSUs members have come together to set up a Skill Development Institute in Visakhapatnam (SDI-Vskp). The Members, HPCL, IOCL, BPCL, ONGC, OIL, GAIL, EIL and Balmer Lawrie, have taken this initi
A 600 MW coal-based thermal power plant was recently commissioned by Bharat Heavy Electricals Limited (BHEL), a maharatna undertaking, in Telangana. The thermal plant unit has been
In a bid to encourage people to use digital modes of payments, oil marketing companies -- Indian Oil, BPCL and HPCL -- have decided to offer discount of Rs 5 on every LPG (cooking gas) cylind
Shares of refineries and petro products firms – Mangalore Refinery and Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL), miniratna one category undertakings – have r
In its bid to boost passenger traffic, national carrier Air India has slashed economy class fares to match those offered by Indian Railways premium train—Rajdhani Express on select rout
With only a few days left in Vibrant Gujarat Global Summit 2017, the state government is likely to sign MoUs worth Rs 30 lakh crore, surpassing the investment pledged during the prev
In a significant development, the government has approved 26 percent strategic sale in state-run BEML Limited, a mini-ratna (category-1) public undertaking. A notification to stock exchange
The Graduate Aptitude Exam in Engineering (GATE) is turning out to be a sole deciding factor for recruitment of engineering graduates into the coveted Public Sector Undertakings (PSUs), repor
The Bharat Heavy Electricals Limited (BHEL), a maharatna undertaking, has bagged a mega order from Power Grid for the augmentation of three extra high voltage (EHV) substations in Karnataka on turn
National Thermal Power Corporation Ltd (NTPC) has inked a memorandum of understanding with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUN) and Rajasthan Urja Vikas Nigam Limited (RUVNL) t
State-run oil marketing companies (OMCs) — Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd are likely to bear the bur
The department of investment and public asset management under the finance ministry has invited bids to appoint merchant bankers for selling the government’s entire 51 pe
In order to restore the beauty and serenity of the kunds, Oil and Natural Gas Corporation Ltd (ONGC), an energy maharatna, is all set to clean the four kunds based at Varanasi -- Durga kund,
Minister of steel Chaudhary Birender Singh chaired a meeting of the parliamentary consultative committee attached to the ministry of steel in New Delhi on initiatives taken by the steel ministry to
Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recently commissioned a 500 MW thermal unit in West Bengal. The unit was the second 500 MW set to be commissione
The cabinet committee on economic affairs (CCEA) chaired by prime minister Narendra Modi has approved listing of five state-run general insurance companies. The move is aimed at further acceleratin
The cabinet committee on economic affairs led by prime minister Narendra Modi has approved alternative mechanism, to take a call on the quantum of disinvestment in a particular central public sec
Oil and Natural Gas Corporation (ONGC) has unveiled a fuel conservation campaign rechristened as Saksham (Sanrakshan Kshamta Mahotsav). Minister of state for petroleum and natural gas, Dharamendr
The Bharat Heavy Electricals Limited (BHEL), in association with ABB, has bagged an order from Power Grid Corporation of India Limited. BHEL’s work is valued at Rs1,360 crore for estab
National buildings construction corporation Ltd, (NBCC) Indian Navy and NBCC Services Ltd (NSL) have inked an agreement to build a Sahara Widows Hostel at Vasant Kunj in New Delhi for Indian Navy u
In order to promote solar energy initiatives, rural electrification corporation ltd (REC)- a Navratna PSU has extended a financial aid of Rs 14.2 crore to Indian Institute of Management, Tiruchirap
The centre has approved the proposal to transfer 11.35 acres of land to airports authority of India (AAI) by way of exchanging equivalent land of AAI with Bihar government to expand the Patna airpo
A universal rail mill (URM) built at a cost of Rs 1,200 crore at steel authority of India ltd’s (SAIL) Bhilai steel plant has been unveiled recently. The commencement of the new facili
In a first, oil and natural gas corporation (ONGC) has become the first public sector enterprise to introduce a unique portal on gender sensitisation to impart training on prevention of sexual hara
Andhra Pradesh government and ONGC — a Maharatna PSU signed an agreement on January 27 to take forward all critical oil and gas exploration and production (E&P) activities to the state.
The gas authority of India limited (GAIL) — a Maharatna PSU has recommended issuance of one bonus share for every three equity shares held of Rs 10 each fully paid up, subject to shareholde
The income from operations for the first nine months of 2016-17 fiscal of Indian Oil was Rs 3,23,120 crore as compared to Rs 3,08,112 crore in corresponding period of 2015-16 fiscal.
National thermal power corporation (NTPC) limited – a Maharatna enterprise has successfully issued its first Euro denominated bond worth EUR 500 million on January 25.
The government has made a provision in the 2017-18 budget to raise Rs 72,500 crore through disinvestment of public sector undertakings (PSUs), including listing of IRCTC, IRFC and IRCON which are r
Two Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industry (DHI) have been given concessions. The CPSEs under DHI are incurring losses due to number of fact
The cabinet approval has been obtained to revive the Gorakhpur, Sindri units of Fertilizer Corporation of India Limited (FCIL) and Baruni unit of Hindustan Fertiliser Corporation Limited (HF
The French government in January 2016 communicated that French public utility Electricite de France (EDF) was designated to take control of AREVA NP and would be the single point for Indian s
With about 72 percent of India`s population living in villages, ensuring LPG access to all Indian kitchens is a both a challenge as well as an opportunity. India offers excellent scope for LP
Steel authority of India ltd. (SAIL) registered an increase in total sales by 16 per cent and 12.5 per cent for the April-December (9M) period and quarter third (Q3) of 2016-17 fiscal with 9.66 mil
Bharat heavy electricals limited (BHEL) has secured an EPC (engineering, procurement and construction) order for the installation of solar photovoltaic (PV) rooftop systems totalling to 3.6 megawat
Several agreements were signed between rural electrification corporation limited (REC) and Karnataka power corporation limited (KPCL) and Bangalore electricity supply company limited (BESCOM) for
After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) t
The steel authority of India limited (SAIL), a Maharatna enterprise, has added another feather to its cap by supplying steel to Indian space research organisation (ISRO) for the launch of a recor
As many as 22 operational airports owned and managed by Airports Authority of India in the country do not have scheduled flight operations. However, most of these airports are used for general avia
It is a fact that some of the opencast projects (OCP) of Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, are not being utilised up to their full capacity despite having good
The first coal rake of NTPC’s Pakri-Barwadih coal mine at Hazaribagh was flagged-off by finance minister Arun Jaitley, Jharkhand chief minister Raghubar Das, union minister of state for pow
The state-of-the-art corporate office of oil and natural gas corporation (ONGC), Pandit Deen Dayal Uphadhayay Urja Bhawan, in New Delhi has won leadership in energy and environmental de
The government is getting ambitious. It wants to divest some PSU shareholding and raise a staggering Rs 72,500 crore during the 2017-18 fiscal. The mood is upbeat among finance ministry mandarins d
State-run Airports Authority of India, a miniratna PSU, in association with international air transport association (IATA) has unveiled a comprehensive e-billing solution—SKYREV360 to h
State-run aerospace and defence company Bharat Electronics (BEL), a Navratna enterprise, on the first day of its stake sale by the government aimed to raise Rs 1,650 crore received an overwhe
Bharat electronics limited (BEL) has launched a new weapon control system — Remote Controlled Weapon Station (RCWS) / Air Defence Weapon Station (ADWS) for 12.7 mm gun of MBT Arjun Mk I
Steel minister Chaudhary Birender Singh has directed a high-level coordination committee comprising CMDs and top ministry officials to be constituted for pooling and sharing of resources among PS
The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016. These fields were offered under new policy f
The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016. These fields were offered under new policy f
The finance ministry may approach the Securities and Exchange Board of India (Sebi) to relax its August 21 deadline for PSUs to meet minimum 25 percent public shareholding requ
Indian Oil Corporation (IndianOil) has repaired the Mathura-Delhi section of its Mathura-Jalandhar pipeline, where an instance of illegal tapping was detected o
Rural Electrification Corporation Limited (REC), a navratna enterprise, has extended support its CSR support to the All India Institute of Medical Sciences (AIIMS), New Delhi.
Bharat Heavy Electricals Limited (BHEL) has signed an MoU with National Environmental Engineering Research Institute (NEERI) for jointly working on projects related to water and waste water treat
Prime minister Narendra Modi on Tuesday dedicated ONGC Petro additions Ltd (OPaL) plant to the nation at a function at Bharuch, Gujarat. OPaL is
Bharat Heavy Electricals Limited (BHEL) has paid an interim dividend of 40% for fiscal 2016-17. In value terms, the dividend paid amounts to Rs 194.8 crore.
Navratna defence PSU — Bharat Electronics Limited (BEL) has paid an interim dividend of Rs 49.21 crore to the union government for 2016-17 fiscal.
The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, has given its in-principle approval to permit Indian Oil Corporation Limited (IndianOil) to sell its 24
In 2016-17, there has been decline of coal stocks at pitheads -- the top of a mining pit or coal shaft -- of Coal India Limited (CIL) as well as at power plants, said union min
Bharat Heavy Electricals Limited (BHEL) has commenced commercial operation of its first 800 MW unit - highest-rating coal-based supercritical thermal power plant. T
NTPC has installed India’s largest Floating Solar Photo Voltaic Plant at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) Kayamkulam, Kerala. The 100 kWp Floa
Union minister Dharmendra Pradhan has launched the implementation of City Gas Distribution (CGD) project in Bhubaneswar and Cuttack. The event marked an important step towards develo
The board of directors of Central Public Sector Enterprises (CPSEs) take decisions as per the delegated powers to invest funds, said minister of state in the ministry of heavy industries and public
An appeal was made to PSUs to contribute funds under their CSR Scheme towards Health Minister’s Cancer Patient Fund-CSR for treatment of poor cancer patients.
NTPC Ltd has raised Rs 2,000 crore through green masala bonds in overseas market under its $4 billion medium term note programme, union minister Piyush Goyal informed the Lok Sabha.
Central public sector enterprises (CPSEs) have done quite well despite facing headwinds, according to the Public Enterprises Survey (2015-16) that was tabled in parliament on March 21. Th
With commissioning of 800 MW unit at Kudgi in Karnataka, 250 MW unit at Bongaigaon in Assam and 20 MW at Bhadla solar in Rajasthan, the total installed capacity of National The
In what could be seen as a first of its kind initiative by any corporate to scale Mount Everest, petroleum minister of state, Dharmendra Pradhan flagged off the ONGC Everest Expedition today at a
A memorandum of understanding for supply of petroleum, oils, and lubricants (POL) products was signed between Indian Oil Corporation Limited (IndianOil) and Nepal Oil Corporation (NOC) in the pre
The government has accorded in-principle approval for strategic disinvestment of three units of Steel Authority of India Limited (SAIL), a Maharatna PSU, namely Visveswaraya Iron and Steel Plant
Hindustan Aeronautics Limited (HAL), a Navratna CPSE, has achieved the highest ever turnover of Rs 17,406 crores for the 2016-17 fiscal. “It is business
The Comptroller and Auditor General (CAG) has made as many as 57 individual observations relating to 36 Central Public Sector Enterprises (CPSEs), with a total financial implic
National Thermal Power Corporation (NTPC), which is India`s largest power company, has commissioned its first wind turbine of 2 MW at Rojmal Wind Power Project in Gujarat.
The Prime Minister of India, in his capacity as ex-officio President of CSIR, has nominated Chairman and Managing Director of ONGC limited, Dinesh K Sarraf as a member of governing body of Council
The Prime Minister of India, in his capacity as ex-officio President of CSIR, has nominated Chairman and Managing Director of ONGC limited, Dinesh K Sarraf as a member of governing body of Council
Rajasthan Electronics and Instruments Limited (REIL), is one of the few profit-making mini ratna central public sector companies. REIL will now become an independent central public sect
Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has signed an agreement with the railways to install 2 MWp roof top solar photo voltaic (SPV) systems at diesel loco modernisa
National Thermal Power Corporation (NTPC) has set another record by offering lowest solar power tariff at the auction of its 250 MW Kadapa solar park in Andhra Pradesh.
State-owned enterprise, BHEL has commissioned two units of 270 MW capacity at RattanIndia Nasik Power Limited’s thermal power project at Nasik in Maharashtra.
Airports Authority of India (AAI), a Miniratna PSU, and the French Civil Aviation Authority have signed a memorandum of understanding (MoU) to strengthen technical cooperation programme bet
IndianOil Corporation Limited has signed an agreement with Numaligarh Refinery Limited (NRL) and Paradip Port Trust to help the NRL build a crude oil pipeline from Paradip Port (Odi
The centre has successfully divested 9.2 percent of paid-up capital in the National Aluminium Company Limited (NALCO), a Navratna enterprise, to raise Rs 1,200 crores.
Minister of state for petroleum, Dharmendra Pradhan has claimed that daily cashless transactions at fuel retail outlets have increased from Rs 150 crores per day to Rs 400 crores per day, following
In a significant step towards setting up of retail gas infrastructure in Rajasthan and opening CNG corridors to connect key cities, a business transfer agreement (BTA) was signed between Rajastha
Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance o
Twitter Sewa unveiled by the ministry of telecommunications last year to resolve users’ complaints through micro blogging site Twitter has yielded fruitful results by resolving 99 perce
In order to jointly promote, develop and adopt external thermal insulation and composite systems (ETICS) solutions technology in construction of highly energy efficient green buildings, NBCC (Ind
A sale-purchase agreement was signed between Numaligarh Refinery Limited (NRL) and Bangladesh Petroleum Corporation (BPC) for supply of high speed diesel (HS
In order to provide broadband connectivity of BharatNet to post offices in rural areas, Bharat Broadband Network Limited (BBNL), department of posts and Bharat Sanchar Nigam Limited (BSNL) have s
Bharat Heavy Electricals Limited has commissioned a three Mega Watt solar photo voltaic power plant in Dadra and Nagar Haveli. BHEL executed this project on a turnkey basis fo
Prime Minister Narendra Modi has laid the foundation stone of hydro engineering college at Bilaspur in Himachal Pradesh. The college, being set up by National Thermal Power Corporat
Days after the Uttar Pradesh police detected that some fuel outlets were tampering with the fuel calibration system, oil minister Dharmendra Pradhan said that all fuel stations in the Uttar P
Shipping Corporation of India Ltd, a Navratna enterprise, has added another Suezmax tanker to its massive fleet of 69 vessels. SCI is the largest shipping company in India, with a tonnage
Consolidating its ties with the Mauritius government in the field of Indo-Mauritian defence co-operation, Goa Shipyard Ltd has delivered second fast patrol vessel, MCGS VALIANT to Mauritius Coast G
The cabinet committee on economic affairs has approved the proposal of disinvestment of hotels/properties of the India Tourism Development Corporation Ltd. (ITDC). The decision on di
Government-owned oil companies— IndianOil Corporation Limited, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have started revising petrol and
Minister of state for petroleum and natural gas, Dharmendra Pradhan said that over 2.20 crore cooking gas connections have been given in the first year of the Pradhan Mantri Ujjwala Yojana (PMUY).
In order to strengthen natural gas pipeline network in Kerala, GAIL (India) Limited, a Maharatna enterprise, has awarded contracts for pipeline laying work of the Kochi–Koottanad–Mangal
National thermal power corporation’s NETRA (NTPC Energy Technology Research Alliance) has installed India’s first of its kind, indigenously developed high temperature drop tube reactor
The initial public offering (IPO) of HUDCO, a Miniratna enterprise, witnessed an exceptional level of interest and the issue was oversubscribed by more than 79 times. This is the hig
NTPC-NETRA (NTPC Energy Technology Research Alliance) and CSIR-Central Building Research Institute, Roorkee have developed high strength fly ash based geopolymer concrete for construction of
Against stiff International Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a prestigious order for a steam and power generation package from Ramagundam Fertilizers an
The Comptroller and Auditor General has noticed shortcomings in Maharashtra PSUs and said that the Maharashtra Airport Development Company Limited even after 14 years of its existence could not dev
ONGC Tripura Power Company (OTPC), a joint venture company of ONGC, IL&FS, IDFC and Tripura government, has declared maiden dividend of 7.5 percent of paid-up equity share capital of Rs 1
The cabinet committee on economic affairs has approved a restructuring plan for Hindustan Organic Chemicals Ltd. (HOCL), a loss making central public sector enterprise under the department of
GAIL (India) Limited has registered 57 percent rise in profit after tax (PAT) for the 2016-17 fiscal with the PAT increasing to Rs 3,503 crore from Rs 2,226 crore in the last fiscal.
The existing Pragati Maidan complex is set to get a new face with its redevelopment into a world class state-of-the-art integrated exhibition-cum-convention centre (IECC).
With the commissioning of the third unit of the Prayagraj Super Thermal Power Project (PSTPP), Bharat Heavy Electricals Limited (BHEL) has successfully executed the 1,980 MW coal-based supercriti
The cabinet has given it’s green signal to raise bonds of Rs 2,360 crore for renewable energy. The bonds will be raised by the ministry of new & renewable energy (MNRE) through
Minister of state for communications (I/C) Manoj Sinha has launched BSNL’s satellite phone service that will be offered to government agencies in phase one and later opened for others.
Hindustan Aeronautics Limited (HAL) carried out first flight of light utility helicopter (LUH)-PT-2 on May 22 at its Bengaluru-based facility. The flight duration was about 22 minut
IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 wa
Steel Authority of India Ltd. (SAIL) has said that it was the main supplier of steel for constructing Assam’s Dhola-Sadiya bridge, which is the longest bridge in the country.
Bharat Heavy Electricals Limited (BHEL) has achieved double digit growth and registered profit in 2016-17 fiscal. It has recorded a turnover of Rs 28,840 crore in 2016-17 fiscal, up 1
SAIL has narrowed down its losses by around 30 percent in 2016-17 fiscal and posted an overall improvement in production, sales and productivity. The steel authority said that its E
MCGS VALIANT, the second fast patrol vessel (FPV) built by Goa Shipyard Limited (GSL) for Mauritius Coast Guard (MCG), embarked on its maiden voyage to Mauritius on May 24. The deli
Navratna CPSE National Aluminium Company Limited (Nalco) has signed an MoU with the ministry of mines, setting higher targets in production, productivity, turnover and CAPEX for current FY 2017-18
NTPC has energised 150 kWp canal top solar photo voltaic (PV) System on cooling water (CW) channel at its 2,320 MW Mouda thermal power project, near Nagpur in Maharashtra. The solar
The National Steel Policy (NSP) will focus on ensuring raw material security, import substitution, enhancing steel consumption, R&D of value added steel, said Chaudhary Birender Singh, minist
Ananth Kumar, union minister for parliamentary affairs and chemicals & fertilizers, inaugurated the Bengaluru City Gas Distribution (CGD) project to supply eco-friendly natural gas to
Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record
Bharat Heavy Electricals Limited (BHEL) has entered into a Technology Collaboration Agreement with Kawasaki Heavy Industries, Ltd. (KHI), Japan for the manufacture of stainless steel coaches
In order to promote increased participation of SC/ST entrepreneurs in the ship building sector, Goa Shipyard Limited organized its first National Vendor Development Program exclusively for mi
The retail portion of Rashtriya Chemicals & Fertilizers Ltd (RCFL), a Miniratna category one CPSE, offer for sale (OFS) got an overwhelming response from retail investors. Again
An agreement was signed between Rail Land Development Authority (RLDA), an institution under Ministry of Railways, and National Building Construction Corporation (NBCC), an urban development
ONGC Videsh has signed agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, for acquiring 30 percent participating interest in Namibia Petroleum Explo
Rural Electrification Corporation (REC) Limited, a Navratna enterprise, touted as country’s leading financier in the power infrastructure sector, rang the opening bell at the London Sto
Guwahati airport is getting state-of-the-art surveillance air traffic control (ATC) radar system. The upcoming radar system is going to cover almost the entire north eastern sky. Ai
Indian Oil Corporation Limited (IndianOil) and LanzaTech, a carbon recycling company, have signed a statement of intent to construct the world’s first refinery off gas-to-bioethanol pro
Raipur’s Swami Vivekananda Airport has ranked first in Customer Satisfaction among 49 airports in the country. The airport achieved a score of 4.84 in a five point scale
Hindustan Aeronautics Limited (HAL) has signed an agreement for the financial year 2017-18 with the ministry of defence (MoD). The MoU outlines targets on various performance parame
With an aim to boost production and sales, a committee comprising of members of the ministry of steel, PSUs and technical experts has been set up for the revival of Steel Authority of India Limit
Union minister of road transport and highways and shipping, Nitin Gadkari said the government’s commitment to develop infrastructure has bolstered the faith of investors which has resulted in
In order to bolster security, the airports authority of India (AAI) has assessed an additional requirement of 400 CCTV cameras for Chennai and 57 cameras for Madurai airport. At pres
To meet the demand of full vehicle load perishable traffic, Indian Railways has developed high capacity parcel vans, having capacity of 23 tonnes. These vans are attached to passenger trains subjec
In its bid to bring down energy consumption by old government buildings that consume huge amount of power, the ministry of finance has asked central government establishments to install energ
BSNL has decided to allow the benefit of voice calling/SMS, special tariff voucher (STV) and combo vouchers in national roaming to its customers on the occasion of 71st Independence day on pa
Rural Electrification Corporation (REC) Limited’s, total income, as on June 30, has risen to Rs 34,614 crore as against Rs 29,952 crore in the previous corresponding quarter. The profit
In a big leap aimed at diversifying its crude oil sources and boosting the country’s energy security, IndianOil Corporation has begun crude oil imports from the US. The first
Bharat Heavy Electricals Limited (BHEL) has added another feather to its cap by securing export orders from Chile and Estonia. This has helped BHEL to expand and consolidate its footprint in
Steel Authority of India Ltd. (SAIL) chairman, PK Singh, during his recent visit to SAIL’s Rourkela Steel Plant (RSP), laid emphasis on product differentiation and said the enterprise h
In order to resolve a tax-dispute between Indian Oil Corporation Limited (IOCL) and government of Odisha, a meeting was held between minister of state (I/C) for petroleum & natural gas Dh
Defence ministry`s mini ratna category- 1 enterprise, BEML Limited, has clocked a turnover of Rs 632 crore in quarter one (Q1) of current fiscal (April - June 2017) compared to previous year
Hindustan Petroleum Corporation Limited (HPCL) registered profit after tax of Rs 925 crore during the quarter first of April to June 2017. Revenues for the quarter were Rs 59,891 cr
Around 30 lakh LED street lights, spread across 50,000 km of roads, have been installed across the country under the centre’s street lighting national programme (SLNP). With this, Energ
Ministry of railways’ proposal of closing down Bharat Wagon and Engineering Company Limited (BWEL) has been accepted by the cabinet committee on economic affairs, chaired by the p
The government on Wednesday gave its approval for transfer of 40 acres of Airports Authority of India’s (AAI) land at Dahisar to Mumbai Metropolitan Region Development Authority (MMRDA)
Defence minister Arun Jaitley unveiled an academy for excellence and two modern facilities— Electro Magnetic Compatibility (EMC) test facility and Near Field Antenna Test Range (NFATR) at Ben
Steel Authority of India Ltd. (SAIL) chairman PK Singh has said that IISCO steel plant (ISP) has the potential to enable SAIL to take its market-share in long products from to existing seven
Union minister Arun Jaitley unveiled the production of HAL designed Light Combat Helicopter (LCH) and dedicated upgrade program of Hawk-i (Hawk-India) aircraft to the nation. Jaitle
RITES Ltd, a railway ministry enterprise, has for the first time crossed benchmark turnover of Rs 1,500 crore and clocked gross turnover of Rs 1,509 crore in FY 2016-17, which is 18 percent h
Railway ministry enterprise, Konkan Railway Corporation Limited (KRCL), signed an agreement with Zurich-based Swiss Federal Institute of Technology (ETH) on Thursday. The pact will
Maharatna PSU, Bharat Heavy Electricals Limited (BHEL), has commissioned the first unit of Tuirial hydro electric Project in Mizoram. This is the first large-rating hydro power project in Miz
IndianOil Corporation has started production of gas and condensate from Dirok field from August 26, marking advent of its first domestic exploration asset maturing from exploration stage to a
National thermal power corporation (NTPC) has recorded 12.55 percent growth in power generation in August over corresponding period of last fiscal. A total of 22.347 billion u
Hindustan Aeronautics Limited has signed a contract for supply of 40 Advanced Light Helicopters (ALH) to the army and one ALH to the navy. The contracts for supply of 4
The first consignment of 30 metric tonnes (MT) of high speed diesel (HSD) was sent from India to Myanmar by land route. Numaligarh Refinery Ltd. (NRL), which has been supplyin
Defence Minister Nirmala Sitharaman laid emphasis on becoming self-reliant in defence production. She lauded defence public sector undertakings (DPSUs) and ordnan
An integrated cargo terminal will be built by Airports Authority of India (AAI) after obtaining grant-in-aid under trade infrastructure for export scheme (TIES) of union ministry of commerce
There has been growth of 17 percent in coal based thermal power generation, primarily due to reduction in hydro power generation by 12 percent, in nuclear power generation by 36 percent and o
The airports at Lucknow, Deoghar, Rajkot and Allahabad would be spruced up by Airports Authority of India to improve and develop infrastructure to meet growing traffic demands. The a
The central government has agreed to transfer Hotel Jaipur Ashok at Jaipur and Lalitha Mahal Palace Hotel at Mysore of India Tourism Development Corporation Ltd (ITDC) to Rajasthan and Karnataka go
In its bid to make the country self-reliant in the areas of 12 strategic minerals that are either not available in India or not available adequately, National Aluminium Company (NALCO), HCL and Min
In the resolution of the issue of VAT deferment for Indian Oil Corporation’s (IOCL) Paradip refinery in Odisha, IOCL has made VAT payment of Rs 2,935 crore to Odisha government. The refinery
Ministry of tribal affairs’ PSU— tribal cooperative marketing development federation of India limited (TRIFED) is contemplating to scale up marketing of tribal products through increase
Steel authority of India (SAIL) chairman PK Singh expressed confidence on improving the performance of the Maharatna PSU in the current fiscal because of a host of initiatives in almost every area
Attributing enhanced focus on project execution as the reason behind Bharat Heavy Electricals Limited’s (BHEL) growth, the enterprise’s CMD Atul Sobti said BHEL achieved a capacity addi
Union minister for civil aviation, P Ashok Gajapathi Raju unveiled a new campus of the Indian Aviation Academy (IAA) spread over 5.33 acres. Civil aviation, secretary, R N Choubey sa
RailTel has achieved highest ever turnover of Rs 903 crore and clocked a profit before tax (PAT) of Rs 194 crore and net profit of Rs 130 crore in financial year 2016-2017. Ra
Shipping Corporation of India Ltd (SCI) has taken delivery of a 2001 Japanese built second hand Very Large Gas Carrier (VLGC) on September 14 at Khor Fakkan in UAE. It has been renamed as Nan
Prime minister Narendra Modi on Monday unveiled ONGC’s new corporate office - Deendayal Urja Bhavan, during the launch of PM Saubhagya Yojna, the government’s flagship scheme to p
National aluminium company limited (NALCO), a Navratna PSU, in its 36th annual general meeting has approved a total dividend payout of 56 percent. The total payou
The cabinet has approved the proposal of transfer of land measuring 1,899 sq mt by airports authority of India to Lucknow Metro Rail Corportion (LMRC) at Chaudhary Charan Singh International Airpor
The airports authority of India (AAI) which manages 126 airports, including civil enclaves across the country, has come up with a comprehensive national register comprising details of all civil air
Finance minister Arun Jaitley reviewed capital expenditure programme and status of dividend distribution of central public sector enterprises (CPSEs) with secretaries of key ministries includ
The wind tariff in India touched the lowest level of Rs 2.64 per kWh in the second wind auction conducted by Solar Energy Corporation of India (SECI)— a ministry of new and renewable en
ONGC Videsh Limited, an ONGC subsidiary, has completed the acquisition of 30 percent participating interest in Namibia Petroleum Exploration License offshore Namibia from Tullow Namibia Limit
Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 39 percent for 2016-17 FY. With this, the total dividend paid during the year stands at 79 percent.
The first US crude oil cargo carrying 1.6 million barrel crude oil, bought by IndianOil Corporation (OICL), from the US was received at Paradip port. The cr
After the government’s decision to sell 10 percent stake in Hindustan Aeronautics Ltd (HAL), the defence PSU has initiated the process of initial public offer with the filing of the dra
The Airports Authority of India (AAI) has participated in the World Route 2017—a global conference for aviation sector and stakeholders where it invited over 30 key international airlin
Steel authority of India limited (SAIL), India’s largest steel producer, has inked a strategic agreement with POSCO for technical services for the enterprise’s IISCO Steel Plant (
A mobile app and website (rajasthanpuc.in), developed by Rajasthan electronics and instruments limited (REIL), was unveiled by Rajasthan’s public works and transportation minister, Yunu
NTPC Unchahar has added another feather to its cap by setting a national record with 686 days of continuous generation by its 210 MW unit. Unchahar is located at Rae Bareli in Uttar Pradesh w
Larsen & Toubro (L&T) has emerged as the lowest bidder of the tender issued by Energy Efficiency Services Limited (EESL), a joint venture company of ministry of power’s PSUs to
Minister of state for power and new and renewable energy RK Singh has asked the authorities to ensure electrification of 100 electricity-strapped villages in J&K by December 2017.
Bharat Dynamics Limited (BDL) has signed contract with Research Centre Imarat (RCI) for supply of medium range surface-to-air missiles (MRSAM) to Indian Army. The contract was
Bharat Earth Movers Limited (BEML), a defence PSU, has showcased its various rail and metro products at International Railway Equipment Exhibition-2017 held at Pragati Maidan in New Delhi. IR
Steel minister Chaudhary Birender Singh has asked steel PSU, MECON, to utilise its experience and expertise in metallurgical engineering to enhance capacity utilisation and product improvemen
The keel of the second coast guard offshore patrol vessel (CGOPV) of the new 5 CGOPVs project was laid at the Goa Shipyard Limited. The contract for 5 CGOPVs was signed by GSL with
Please shed light on the next frontier for digital technologies by VMware (Cloud, Server and Automation) for the public sector. How does VMware help the digital transformation of PSUs and t
INS Kiltan, the third anti-submarine warfare (ASW) stealth corvette built under project 28 (Kamorta class), was commissioned into the Indian Navy by defence minister Nirmala Sitharaman at the
The Jaipur airport has been rated as the best airport in the category of 2-5 million passengers in ACI-ASQ (airports council international-airport service quality) survey at a function held i
Bharat Heavy Electricals Limited (BHEL) has commenced the execution of the 4,000 MW Yadadri supercritical thermal power project. The order of the project was placed by Telangana State Power G
Gas Authority of India Limited (GAIL) has commenced the supply of environment-friendly piped natural gas (PNG) to 255 houses in Bhubaneswar. Minister for petroleum and natural gas and skill d
Union steel minister Birender Singh criticised Steel Authority of India (SAIL) officials for tardy progress in critical areas of strategic importance. The m
The 50th AL31FP engine, manufactured by HAL’s Koraput-based Sukhoi engine division, has been handed over to the Indian Air Force (IAF) as part of celebrations of 70th year of India-Russ
Ten public sector undertakings of ministry of petroleum and natural gas, including IOCL, ONGC, EIL, OIL, NRL, BPCL, HPCL, GAIL and MRPL, have created a corpus of Rs 320 crore to support start
Government is planning to raise Rs 750 crores through disinvestment of five percent of paid-up equity shares of NLC India Limited (NLCIL) through offer for sale (OFS) mechanism. The
Telecommunications Consultants India Ltd. (TCIL) has paid a dividend of Rs 7.082 crore to the government. TCIL has paid dividend of Rs 1,929.87 million to government till s2016-17 fi
Indian Oil has registered income of Rs 2,38,828 crore for the first half of 2017-18 fiscal as compared to Rs 2,07,458 crore in the corresponding period of the last fiscal. The
A mobile App — Naginaa (NALCO Grahak Information and Networking App for All) -- was unveiled by National Aluminium Company Limited (NALCO). “Nag
If the change of perception for PSU banks, post the mega capital infusion scheme is any indication, dilution of government equity up to 52 percent in the state-owned lenders can fetch valuation muc
Bharat Sanchar Nigam Limited (BSNL) has rolled out 4G feature phone that is bundled with mobile services. The miniratna enterprise has also entered into an agreement with Extr
Ministry of steel’s joint secretary Ruchika Chaudhry has advised Rashtriya Ispat Nigam Limited, a Navratna PSU, to cash in on the huge infrastructure funding by the government to build
Oil Marketing Companies (OMCs) – Indian oil corporation ltd (IOCL), Hindustan petroleum corporation limited (HPCL) and Bharat petroleum corporation limited (BPCL) have decided to open o
Union minister RK Singh has laid emphasis on clean power for economic development. Singh, during a consultative committee meeting, reviewed the functioning of NHPC Ltd and implement
An enquiry has been ordered after at least 18 people were killed and dozens were injured when a boiler exploded on Wednesday afternoon in the power generating unit at NTPC Unchahar plant at R
Recognising India’s efforts to have a low emission-economy, the global environment facility (GEF) has partnered with Energy Efficiency Services Limited (EESL), a joint venture of minist
Namibia has joined the growing list of countries where India has made investments in oil and gas blocks. ONGC Videsh has acquired a 30 percent stake in an oil block in this southwest African nation
Gas authority of India limited (GAIL) has sought support from the Uttar Pradesh government for expeditious implementation of piped natural gas (PNG) connectivity and compressed natural gas (C
NBCC has declared final dividend of Rs 74.25 crore to the union government for 2016-17 fiscal. The cheque has been handed over to minister of state (I/C) for housing and urban
Civil aviation secretary RN Choubey has said that helicopter traffic is much less in India and can be increased immensely. He added that India has achieved a growth rate of ab
Civil aviation secretary RN Choubey has said that helicopter traffic is much less in India and can be increased immensely. He added that India has achieved a growth rate of ab
The existing instrument landing system (ILS) at Chennai International airport has been replaced by the Airports Authority of India to provide necessary guidance to pilots as they approach for
Union minister of railways and coal, Piyush Goyal, has launched a mobile app — Grahak Sadak Koyla Vitaran to benefit Coal India Limited (CIL) customers lifting coal through road mode.
SAIL’s Durgapur steel plant (DSP), chairman, PK Singh has laid emphasis on giving value addition to its products and tailoring the product quality rather than focusing only on the volum
Steel minister Chaudhury Birender Singh has said the Sagarmala project would transform the logistics sector and change the lives of
Bharat Heavy Electricals Limited (BHEL) has secured a major order for setting up two 765 kV substations on engineering, procurement and construction (EPC) basis in West Bengal. Valu
The state-run iron ore miner NMDC Ltd and Institute of Minerals and Materials Technology (IMMT) Bhubaneswar have signed a pact for development of modeling & optimisation of high concentra
Bharat Dynamics Limited (BDL), a defence PSU, has clocked a turnover of Rs 4,886.62 crore for 2016-17 fiscal, registering a growth of 17.46 percent over the previous year. A dividen
Steel Authority of India Ltd has added another feather to its cap by registering 21 percent growth in net sales revenue of Rs 13,442 crore in the second quarter of current fiscal. In the corr
Ministry of mines’ enterprise, National Aluminium Company Limited (NALCO), has achieved net profit of Rs 235 crore, registering 82 percent growth in the second quarter ended September 2
RailTel, which handles the core expertise of signaling and a resilient optical fiber network across the country, has forayed into signaling business. The railway PSU’s s
A high level technical delegation representing the Canadian industries paid a visit to National Aluminium Company Limited (NALCO) in Bhubaneswar where they held talks. The delegatio
Bharat Sanchar Nigam Limited (BSNL) has inked an agreement with Fibre Home Pvt. Ltd to jointly manufacture telecom equipment and optical fibre cable in BSNL factories. BSNL has seve
The centre has launched BHARAT-22 exchange traded fund (ETF), managed by ICICI Prudential mutual fund to target an initial amount of about Rs 8,000 crore. The new fund offer is open till November 1
Housing and urban affairs minister Hardeep Singh Puri has asked HUDCO to give more priority to affordable housing under the government’s ‘Housing for All by 2022’ initiative
In order to strengthen coal transportation and coal production, Coal India Limited (CIL) transported 250 rakes of goods train through the railways on November 14, the highest ever in November
India’s largest power generator - National Thermal Power Corporation Ltd (NTPC), having installed capacity of 51,708 MW, has declared financial results for the second quarter and half-y
Air Officer Commanding-in-Chief (AOC-in-C) of the southern air command, Air Marshal RKS Bhadauria flew the multirole fighter jet Light Combat Aircraft-Tejas for 30 minutes from HAL airport.
The cabinet has approved the proposal for deputation of group A officers of department of telecommunications (DoT) and other ministries with telecommunication and information technology backg
Minister for petroleum and natural gas, skill development & entrepreneurship Dharmendra Pradhan has lauded the state run Indian Oil Corporation and IDCO (Industrial Development Corporation of O
In a bid to meet the increase in electricity demand of Jammu & Kashmir during the winters, the centre has decided to allocate an additional 792 Megawatts to the state. The alloca
The Indian Oil Corporation Ltd (IOCL) in collaboration with Ola has launched the country’s first electric charging station at one of its petrol pumps in Nagpur. Nagpur, being t
GAIL (India) Ltd has registered a 42 percent increase in profit after tax (PAT) in the second quarter of the current fiscal. The enterprise gave attributed better performance by liqu
The last of the series of six new offshore patrol vessel (OPV), ICGS Sujay built by Goa Shipyard Ltd, was delivered to the Indian Coast Guard, 34 days ahead of the contractual schedule. GSL h
REC and Patratu Vidyut Utpadan Nigam Limited (PVUNL) have inked an agreement to set up 3x800 MW Patratu super thermal power project in Jharkhand. The project cost of Rs 18,668
Brahmos, the world’s fastest supersonic cruise missile, was successfully flight tested from a Sukhoi-30MKI fighter aircraft against a sea based target in the Bay of Bengal.
The cabinet has approved the wage policy for the 8th round of wage negotiations for workmen in central public sector enterprises (CPSEs). A PIB release said that the management of t
Energy Efficiency Services Limited (EESL) on Monday organised the first edition of the International symposium to promote innovation & research in energy efficiency (INSPIRE 2017) in Jaipur.
Maharatna enterprise, Bharat Heavy Electricals Limited has won an order to build six decentralised sewage treatment plants (STPs) at Raipur in Chhattisgarh. Raipur Development Author
Airports authority of India’s women welfare association, Kalyanmayee, will be organising a series of cervical screening camps for underprivileged women in 12 cities in the next three ye
Union minister of state (IC) for power and new & renewable energy R K Singh on Tuesday launched Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) in Manipur. Around 1.75 lak
Aluminium Association of India (AAI) and Italy’s leading aluminium association ASSOMET & AMAFOND will soon sign a pact for investing in a joint venture in the proposed Aluminium park at A
BHEL has commissioned the second unit of the Tuirial hydro electric project in Mizoram. The Maharatna enterprise said that the unit has been commissioned in less than a hundred days of the c
Navratna defence enterprise Bharat Electronics Ltd (BEL) recently participated in the Tri-Service Asian Defense & Security Exhibition, Conference and Networking Event 2017 held at Bangkok
BHEL has secured an order for the renovation and modernisation of electrostatic precipitators (ESP) at Kahalgaon super thermal power station in Bihar. The Rs 215 crore turnkey order
In its bid to meet the burgeoning passenger traffic, the Airports Authority of India (AAI) has decided to build a modern terminal building at Patna airport at a cost of Rs 800 crore, having p
GAIL Limited organised two day-long oil and gas health safety and environment (HSE) conclave for oil and gas enterprises on Friday at Noida GAIL director (projects) and chairman of
Ending an extended period of stagnation, public sector enterprise Educational Consultants of India Limited (EdCIL) doubled its turnover in 2015-16 and has maintained it for 2016-17. In conversa
IndianOil corporation (IOCL) has launched Indane LPG cylinder refill booking through social media platforms like Facebook and Twitter. Director (marketing) Gurmeet Singh emphasised
GAIL has awarded a contract for laying 520 km gas pipeline connectivity from Dobhi (Bihar) to Durgapur (West Bengal), including 120 km line to Jamshedpur (Jharkhand). With these awards, major
Naval submarine INS Kalvari was dedicated to the nation by prime minister Narendra Modi on Thursday in Mumbai. INS Kalvari is a diesel-electric attack submarine built by the Mazagon
Minister of state for defence Subhash Bhamre has assured Hindustan Aeronautics Ltd (HAL) that work load for its Nashik unit will continue to flow even after Su-MKI manufacturing and productio
BHEL has successfully commissioned a 54 mega watt coal-fired captive power project in Indonesia. The project located at East Kalimantan in Indonesia has been set up by BHEL for PT C
Bharat Heavy Electricals Limited (BHEL) has bagged an order to set up a 1,320 MW supercritical thermal power project (TPP) in Tamil Nadu. The Rs 7,300 crore-project for building the
A smart electric vehicle (EV) charger of Fortum India has been installed at SCOPE Complex in New Delhi which will be powered by electricity provided by NTPC. The charger uses
Hindustan aeronautics limited (HAL) will produce 100 basic trainer aircraft HTT-40 soon, said a top official. HAL recently organised 5th Global Vendors’ Meet in Bengaluru whic
N Venkatesh, a cheerful human resource employee of the Dredging Corporation of India (DCI), a miniratna PSU, killed himself early this month: his body was found lying next to a train track in Visak
There were 320 Central Public Sector Enterprises in the country, the parliament was informed. Union minister Pon Radhakrishnan said that the total investment therein was Rs. 11,71,84
Indian Air Force (IAF) has placed an order of 83 Tejas light combat aircraft (LCA) with Hindustan Aeronautics Limited (HAL). With this, orders for a total of 123 Tejas aircraft has been placed by t
Bharat Heavy Electricals Limited (BHEL) has bagged a contract for 146 sets of electrics for AC electric multiple unit (EMU) trains. Mumbai recently got its first AC EMU train.
Consolidating its partnership with major metro networks across the country, SAIL has supplied around 55,000 metric tonnes of steel for the Delhi Metro’s newly commissioned magenta line.
Rashtriya Ispat Nigam Ltd has launched a new marketing sales mobile app to view real time sales data to senior executives of the enterprise on their mobile phones. By using this mob
Minister of state for defence Subhash Bhamre informed the Lok Sabha that the defence PSU Hindustan Shipyard Limited (HSL) was incurring losses for many years due to lack of orders. However, H
ONGC’s NBP Green Heights has been certified as a zero waste build by Municipal Corporation of Greater Mumbai. It was based on the audit carried out by a team of experts from MC
Chairman SAIL PK Singh has exhorted employees to be bold in decision making. He was speaking at a function held at IspatBhawan, Lodhi Road which was telecast through video conferenci
NTPC, the largest power generator of India, with installed capacity of 51,383 MW, has recorded its highest ever quarterly generation of 67,781 million units (MUs) during Q 3 of FY 2017-18 which is
GAIL (India) Limited commissioned India’s second largest rooftop solar photovoltaic (PV) power plant at its Petrochemical Complex at Pata, Uttar Pradesh. The 5.76 mega watt pea
IndianOil Corporation (IndianOil) has adopted 2018 as the `Year of Trust`. From Pradhan Mantri Ujjwala Yojana (PMUY) to daily price revision of petrol & diesel, to the decision t
Netaji Subhas Chandra Bose International Airport, Kolkata has started the implementation of CAT III-B Instrument Landing System, which will allow flights to operate till the visibility drops below
Rashtriya Ispat Nigam Limited (RINL), Visakhapatnam Steel Plant and KIOCL Limited, Kudremukh Iron Ore Company Limited signed an Memorandum of Understanding (MOU) on January 6, 2018 at Mangalo
As part of the strategy to keep shares readily available for transaction to take advantage of market conditions without any loss of time, the government has identified certain CPSEs, including thos
ONGC has embarked on an ambitious project on innovation towards making an “Efficient Electric Chulha (stove)”. ONGC has also launched a nationwide campaign to seek
National Project Construction Corporation Ltd. (NPCC), a PSU of the ministry of water resources, river development and Ganga rejuvenation, will now undertake basic infrastructure projects like road
The Bharat Heavy Electrical Limited (BHEL) will be setting up a 660 MW coal-based thermal power project with supercritical parameters in Maharashtra. The Rs 2,800 crore-project will
NTPC has sought the help of Madhya Pradesh government for the safety of Gadarwara power project site and the workers who have stopped the work on the site since December 22. It has
A high level Sri Lankan defence delegation headed by secretary of defence, Kapila Waidyaratane PC recently visited Goa Shipyard Ltd. The delegation held discussions with GSL CMD, Rea
Goa chief minister Manohar Parrikar recently laid the foundation stone of the Rs 120 crore- MCMV (mine counters measure vessels) Command, Control & Design Office at Goa Shipyard Ltd, Vasco in G
In its bid to create an oil major to match the performance of global and domestic oil and gas players, Oil and Natural Gas Corporation Ltd (ONGC) board has approved the acquisition of entire 51.11
Bharat Earth Movers Limited (BEML), a ministry of defence PSU, has launched a 5.4 ton wheel loader BL30-1 at Excon Exhibition 2017 in Bangalore. The high performance and rugged wheel
REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation Ltd (REC), has handed over project specific special purpose vehicle (SPV) namely ERSS XXI Transmis
The trainees of 37th International Training Programme on ‘Planning and Management of Urban Services’, organised by HUDCO’s Human Settlement Management Institute, interacted with H
Two people were killed in the fire that broke out at the Polyethylene Swing Unit of Panipat Naphtha Cracker Complex on January 22. As a precautionary measure, the swing unit is temporarily u
India’s largest power generator, NTPC has signed a tripartite agreement with Jabalpur Smart City Limited and Jabalpur City Transport Services Limited to help Jabalpur creating the e-mobility
GAIL (India) Limited has kicked off pipeline construction work in West Bengal to provide gas supply to Matix Fertilizers, Durgapur. The project is being executed as a part of Pradhan
Chief Minister of Tamil Nadu, Edappadi K. Palaniswami laid the foundation stone of 1320 MW Udangudi supercritical thermal power project in Chennai, valued at Rs 7,359 crore. The proj
Country’s largest power producer NTPC has listed its USD 6 billion (around Rs 40,000 crore) medium-term note (MTN) programme on India International Exchange at IFSC, GIFT City (India INX).
Commemorating 25 years of India-ASEAN relationship, Airports Authority of India has signed an agreement with Lao air traffic management, department of civil aviation, Lao PDR for providing SkyRev36
GAIL (India) has placed an order of Rs 440 crore for laying of 350 km of pipeline from Vijaipur in Madhya Pradesh to Auraiya in Uttar Pradesh. This is a part of the spurline of aroun
Achieving an important milestone towards the completion of its modernisation and expansion programme, SAIL’s Bhilai Steel Plant (BSP) has blown in the blast furnace (BF) number 8 –Maham
Lokpriya Gopinath Bordoloi International airport in Guwahati is scheduled to get a swanky new integrated terminal building by 2021. Aviation minister P Ashok Gajapathi Raju laid the foundati
Even as the government has exceeded the target of raising disinvestment proceeds of Rs 72,500 crore in the current fiscal, the question of enhancing the CPSE’s efficiency largely remains unan
In a bid to create a sustainable defence aerospace ecosystem, Hindustan Aeronautics Ltd (HAL) has roped in private partners to design & develop (D&D) of products and technologies.
Putting all speculations to rest, the government has approved selling off its entire public stake in the Dredging Corporation of India (DCIL). The move aims to upgrade technology, improve ca
To support various CSR innovative projects across the country, Rural Electrification Corporation Ltd (REC) and United Nations Population Fund (UNFPA), India have signed an agreement of Rs 32.84 cro
The cabinet has approved the plan to conduct round two of Discovered Small Field (DSF) auction of 60 discovered small fields/un-monetised discoveries. Out of these, 22 fields/discove
Coal imports have fallen from 217.78 Mte in 2014-15 to 203.95 Mte in 2015-16 and further to 190.95 Mte in 2016-17. The trend of fall in import of coal has continued in the current fiscal.
Minister of state (IC) for power, Raj Kumar Singh said the power ministry has issued a policy to use 5-10 percent of biomass pellets along with coal for power generation in thermal power plants.
National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has clocked a record net profit of Rs 722 crore (growth of 207 percent), as a
Hindustan Aeronautics Limited (HAL) has achieved a milestone with the first flight of Hawk-i. The aircraft is equipped with indigenous real time operating system (RTOS) developed by the defence ent
BHEL has got Rs 560 crore order for the supply and installation of flue gas desulphurisation (FGD) system from NTPC for 2x490 MW National Capital Power Station (NCPS). The Indian pow
BEML Ltd, a defence PSU, has delivered the first intermediate metro coach (car) unit to Bengaluru Metro Rail Corporation Limited (BMRCL). The intermediate car would be integrated wi
A group of 104 women beneficiaries of the Pradhan Mantri Ujjwala Yojana participated and shared their experiences at LPG Panchayat organised at the Rashtrapati Bhawan on February 13.
The acquisition of the government’s 51.11 percent stake in Hindustan Petroleum Corporation Limited (HPCL) by Oil and Natural Gas Corporation (ONGC) is a step ahead in the creation of an integ
The foundation stone for the integrated office complex of director general of civil aviation (DGCA), bureau of civil aviation security (BCAS), airports economic regulatory authority of India (AERA)
Department of Economic Affairs (DEA) and National Buildings Construction Corporation Ltd (NBCC) have signed an agreement for the construction of housing project for Indian Economic Service (IES) of
Bharat Heavy Electricals Limited has paid an interim dividend of 40 percent which amounts to Rs 293.71 crore on the enhanced equity capital for 2017-18. With this, BHEL has maintaine
The government of Mozambique has accorded approval for the development plan for Golfinho-Atum natural gas field in the Area 1 block in Rovuma Offshore Basin of Mozambique. ONGC Videsh Limited recen
The state-run oil marketing company, Indian Oil Corporation Limited (IOCL) has joined hands with Jet Privilege Private Limited (JPPL) to empower members to earn as well as redeem JPMiles whenever t
IndianOil has dedicated to the nation three multi product pipelines which have been re-routed along the railway corridor at a cost of about Rs 98 crore. The pipelines have been rerou
n its bid to replace existing lights with energy efficient LED ones at various airports and buildings managed by the airports regulatory body, Airports Authority of India has signed an pact w
BHEL has bagged Rs 11,700 crore order to establish a 3x800 MW supercritical thermal power plant in Jharkhand. The order has been placed on BHEL by Patratu Vidyut Utpadan Nigam Limited (a subsidiary
Minister of power and new & renewable energy R K Singh has asked Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to strictly comply with the norms before allocating
While train accidents get much attention, there’s something else that should equally be attended to: the railway’s drinking water supply, which could well have caused many more deaths t
Bharat Heavy Electricals Limited (BHEL) as signed a technology collaboration agreement (TCA) with HLB Power, Republic of Korea for in-house design and manufacture of large size gates and dampers fo
To familiarise people with various steel usages for boosting domestic steel consumption, SAIL is organising workshops titled ‘SAIL Structurals –The Future of Steel Design’ across
A dividend of Rs 58.20 crore of 2017-18 fiscal at 100 per cent of the paid-up share capital was recently paid by Goa Shipyard Ltd to the government. GSL presented a cheque of Rs 29.7
Indian Oil Corporation Ltd and Tata Motors successfully unveiled the demonstration trials of India`s first hydrogen fuel cell bus. Principal scientific adviser to union government Dr
The Bhubaneswar campus of Institute of Chemical Technology (ICT) Mumbai of Indian Oil Corporation was recently inaugurated by President Ram Nath Kovind. He also laid the foundation stone of the per
Airports Authority of India has offered GPS-aided Geo Augmented Navigation (GAGAN) to SAARC and Southeast Asian countries. A two-day workshop was organised by AAI on March 15 and 16
Bharat Electronics Ltd (BEL) has started constructing a 10 MLD (million litres per day) sewage treatment plant to rejuvenate the Doddabommasandra Lake in Bengaluru at a cost of Rs 13.5 crore.
The Public Enterprises Survey (2016-17) was recently unveiled by the department of public enterprises under the ministry of heavy industries and public enterprises in both the houses of the Parliam
Ministry of power’s Power Pavilion was showcased at India Sourcing Fair 2018 held at St Petersburg in Russia from 20th -22th March, 2018. Being the nodal agency for the Power P
Petroleum minister Dharmendra Pradhan inaugurated Mumbai’s first Yoga garden at Bandra Reclamation Sea link Promenade. The garden is meant to sensitise people about Yoga as a means of healthy
After being taken over by HAL as a subsidiary, Allahabad-based Naini Aerospace Limited (NAeL), made its first delivery of 335 LCA (light combat aircraft) and 28 ALH (advanced light helicopter) cabl
NBCC (India) Ltd has signed an MoU with the Skill Development Institute (SDI) Bhubaneswar for the construction of the institute which will facilitate empowering of youth in Odisha with relevant ski
India’s only state-run helicopter company Pawan Hans Limited (PHL) is up for sale. But the government’s recent attempt to sell its 51 percent stake (the rest is with ONGC) in the PHL re
An Indian consortium of IOCL, BPCL and HPCL and Saudi Aramco inked a memorandum of understanding (MoU) to jointly develop and build an integrated refinery and petrochemicals complex, Ratnagiri Refi
GAIL (India) Limited has placed pipe laying orders of Rs 780 crore for around 530 km of pipeline connectivity from Bokaro to Angul for Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline (JH
Bharat Heavy Electricals Limited (BHEL) has bagged an order for the renovation and modernisation (R&M) of electrostatic precipitators (ESP) at Ramagundam super thermal power station.
ONGC sportspersons outshone other participants in their respective categories in the recently concluded Commonwealth Games in Gold Coast, Australia. ONGCians bagged 13 medals including 5 Gold, 3 Si
Goa Shipyard Ltd (GSL) and MTU, Germany have agreed to cooperate in the local manufacturing of technologically-advanced MTU series 8000 engines in India. Under the agreement, w
BHEL has recently secured an order for executing 900 MW Arun-3 hydroelectric project from SJVN Arun-3 Power Development Company (SAPDC), Nepal. Once completed, this will be the large
Steel Authority of India Ltd first blast furnace Parvati situated at SAIL’s Rourkela Steel Plant (RSP) has been rebuilt and is successfully blown in recently. The blast furnace
NTPC has decided to generate 268 billion units (BU) of electricity in 2018-19 fiscal, under a memorandum of understanding (MoU) inked between NTPC and ministry of power recently. Rev
REC Foundation, the CSR arm of REC Limited, has partnered with Matrix Society for Social Services (MASS) to provide job-oriented skill-development training to women in 100 self help groups in Mewat
Aluminium enterprise, National Aluminium Company Limited (NALCO) has inked an agreement with the union ministry of mines setting highest ever target of Rs 9,350 crore revenue from operations for th
A team of ONGC has successfully scaled the third highest and most challenging peak, Mt Kanchenjunga. The first group comprising five ONGC employees completed the mission on May 20, 2018 while the s
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 Distribut
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
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 Mediterra
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 reba
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 m
Secretary, ministry of power, A K Bhalla recently flagged off the India’s largest dump truck 280 tonne Hitachi with combination of 36 cubic metre leibherr shovel at NTPC Pakri Bar
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. Duri
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 journ
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 a
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 inter
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 Trans
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
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 generati
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 rev
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
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
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.
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
A 16 MW grid-connected solar power plant set up by Bharat Electronics Limited (BEL) was unveiled by defence minister Nirmala Sitharaman at Heavy Vehicle Factory (HVF) in Avadi on June 8.
Ministry of railways’ decision of holding the listing of Indian Railway Catering and Tourism Corporation (IRCTC) has exposed its seriousness in listing its public enterprises in stock exchang
The railway infrastructure consulting PSU, RITES Limited is coming up with its IPO on June 20, 2018, as the government of India is selling its 24 million equity shares (12%) stake in the Mini Ratna
Air India’s keenness to provide Khadi products to its flyers has helped the Khadi and Village Industries Commission (KVIC) bag an order of Rs 8 crore from the national carrier to supply Khadi
Minister of petroleum and natural gas Dharmendra Pradhan has said the fragile world economic growth will be at threat if the crude oil prices continue to surge. He said surging oil prices
India has gifted a HAL Do-228 aircraft to the Republic of Seychelles at a ceremony in New Delhi on June 26.The aircraft was handed over by external affairs minister Sushma Swaraj to the President,
State owned Saudi Aramco and Abu Dhabi national oil company (ADNOC) have signed a pact to jointly build a $44 billion integrated refinery and petrochemicals complex at Ratnagiri in Maharashtra. The
NTPC has decided to use treated sewage water for its Dadri power station. The move is in line with the tariff policy amendment by the ministry of power, which requires mandatory use of tre
The first green helicopter built for Indian Coast Guard successfully completed its maiden ground run in Bengaluru on June 28. It was handed over to the Rotary Wing R&D centre, a design house of
BHEL has inked an agreement with a Republic of Korea firm to design and manufacture SCR Catalysts for De-NOx application in coal power plants to be commissioned with high capacity emission control
In its bid to give a thrust to Make in India programme, Steel Authority of India Ltd’s (SAIL) Durgapur Steel Plant dispatched the first consignment of metro coach wheels to Kolkata Metro.
Indian Oil has increased the price of cooking gas by Rs 2.71 per cylinder in the effective price of subsidised LPG cylinder in Delhi for domestic customers. The corporation said that the hike is ma
Considering the fact of three-fold growth in the consumption of steel and aluminium by 2030, NALCO CMD Tapan Kumar Chand has asserted that skilled manpower will be highly valued because of the impr
NTPC has clocked highest quarterly generation of 69.2 billion units (BU) against the previous highest of 68.6 BU in the fourth quarter of 2017-18 FY. Generation growth is up by 7.45 percent with re
Now National Security Guard personnel will not have to face hardships to get railway tickets as India’s elite federal contingency force has signed an agreement with IRCTC for provisioning of
After several reports of poor quality of food being served to passengers surfaced recently, IRCTC has launched a live streaming mechanism to enable people view real time food preparations and packa
The union government has given its go ahead to rename Agartala airport in Tripura as Maharaja Bir Bikram Manikya Kishore Airport, Agartala. The government has taken the decision to f
Easing the financial burden of the Air India, the government has decided to enhance the expenditure for special extra section flights (SESF) operations from Rs 336.24 crore to Rs 534.38 crore for 2
Minister of state (I/C) housing and urban affairs Hardeep Singh Puri handed over 210 flats of type two to allottees for possession under the government pool residential accommodation (GPRA) redevel
HAL has decided to hand over 3,100 square metre of land to Bruhut Bengaluru Mahanagara Palike (BBMP) for the proposed signal free corridor from Vellara junction to Hope Farm Junction in Bengaluru.
Airports Authority of India (AAI) is going to set up a world-class Civil Aviation Research Organization (CARO) to find out indigenous solutions for meeting challenges thrown by burgeoning air traff
State-run BSNL has unveiled internet telephony (VOIP) service named Wings on July 4. This service, using mobile numbering scheme, is being provided using IP based access network. To
Minister of railways, finance, corporate affairs and coal Piyush Goyal inaugurated Maharashtra State Power Generation Company’s (MAHAGENCO) pipe conveyor system for coal transportation from c
Nalco has recently unveiled a mobile app Namasya (NALCO Micro & Small enterprise Yogayog Application) for the micro & small enterprises. The app is designed by Nalco to provi
NTPC has signed term loan agreement for Rs 1500 crore with HDFC Bank Limited on July 10 to utilise to part finance the capital expenditure of the power corporation. The loan facility
Defence PSU, BEML Ltd and Larsen & Toubro (L&T) have signed an agreement to jointly capitalise on the emerging opportunities in the domestic and export markets for defence products and syst
Bharat Dynamics Limited (BDL) has achieved 65 percent of its export target for 2018-19 FY after it bagged an export order worth $14.33 million for export of light weight torpedoes to a friendly cou
A total of 31.67 GW of renewable energy capacity has been installed through implementation of various renewable energy schemes and programmes in the last three years in the country.
In its bid to indigenously develop petroleum certified reference materials branded as Bhartiya Niredeshak Dravyas, CSIR- National Physical Laboratory (NPL) has signed a pact with Hindustan Petroleu
In order to boost domestic production of hydrocarbon resources, the centre has approved the policy framework for streamlining operations of production sharing contracts (PSCs) in pre-NELP (new expl
Defence secretary Sanjay Mitra reviewed the Indigenous Aircraft Carrier (IAC) project at Cochin Shipyard Limited (CSL) on Jul 19. During the onboard visit, Mitra was given a briefing
A joint venture agreement was signed amongst five petroleum and natural gas PSUs namely IOCL, ONGC, GAIL, OIL and NRL in Guwahati for executing the north-east natural gas pipeline grid project. It
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.
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. T
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
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 c
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 in
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, pos
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-
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), pi
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 p
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 b
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 c
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
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
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 compa
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.
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
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. Prof
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
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
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
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 aviatio
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 rai
Bangladesh Coast Guard’s director general Rear Admiral Aurangzeb Chowdhury recently paid a visit to Goa Shipyard Limited. GSL CMD Rear Admiral (Retd) Shekhar Mita
Two e-vehicle charging stations, one for fast charging (DC) and the other for slow charging (AC), were recently inaugurated by minister of heavy industries and public enterprises Anant Geete at Udy
The Dredging Corporation of India has declared 20 per cent dividend on the paid up capital of Rs 28 crore for 2017-18 FY. A cheque of Rs 4.11 crore was handed over to m
In a major development, the light combat aircraft (Tejas LSP8) built by Hindustan Aeronautics Ltd (HAL) has successfully completed the wet (actual) engagement by transferring 1900 kgs fuel from Ind
Defence PSU Bharat Electronics Ltd’s (BEL) order book has crossed the mark of Rs 50,000 crore for the first time after it bagged Rs 9,200 crore-order for supply of seven long range surface-to
Indian Railways has claimed that a number of modern technologies have been adopted by the national transporter to improve services and better passenger experience for rail users. It
BHEL has manufactured its first 6,000 HP electric locomotive (type WAG-9H) for Indian Railways. The enterprise says that it has forayed into the transportation sector with the flagging off of its f
Petroleum minister Dharmendra Pradhan has inaugurated the academic session of the first batch of five-year integrated M Tech course in chemical engineering at the Institute of Chemical Technology (
The Airports Authority of India (AAI), the regulatory body, has inked a pact with the ministry of external affairs to prepare a detailed project report for development of Palaly airport in Sri Lank
NTPC Group has claimed that it has generated five trillion units of electricity till November 30 from its power stations since inception. NTPC with an installed capacit
Ministry of defence’s enterprise, BEML Limited has paid dividend of Rs 18 crores for 2017-18 fiscal to the centre. The centre holds 2.25 crore equity shares of Rs
Hindustan Aeronautics Limited’s (HAL) light utility helicopter (LUH) has succeeded in achieving a key milestone of flying at six km altitude in Bengaluru. A three
Steel giant, SAIL has clocked its best ever hot metal production in a single day at 55,282 tonnes on December 13. The previous best production of SAIL stood at 54,786 t
The Centre on Friday has given its go ahead to list seven central public sector enterprises (CPSEs) on the stock exchange through initial public offering (IPO) and further public offer (FPO).
The recent move by the Hindustan Aeronautics Limited (HAL) to borrow Rs 962 crore from banks to pay salaries to its employees has once again exposed the sorry state of the public sector undertaking
Indian Railways’ PSU, Container Corporation of India Ltd (CONCOR’s) maiden voyage vessel- SSL Mumbai was flagged off from Kandla Port to Tuticorin Port by railways minister Piyush Goyal
The centre has given the green signal for regularisation of pay scales of board level executives in National Hydroelectric Power Corporation Ltd (NHPC), North East Electric Power Corporation (NEEPC
The government has said that state-run BHEL and Libcoin are in talks to form a world class consortium to initially build 1 GWh (Gigawatt hours) lithium ion battery plant in India. The plant’s
Maharatna enterprise BHEL has decided to build a network of solar-based electric vehicle chargers (SEVC) on the Delhi-Chandigarh highway. The project is covered under the FAME scheme (faster adopti
SAIL has posted a profit (profit after tax) of Rs 616 crore in Q3 of 2018-19 FY. SAIL has managed to better its performance over the previous quarter as well by more than 11 percent when it
National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has posted an operating profit of Rs 589 crore in Q3 of 2018-19 FY, registeri
When a citizen does not pay due taxes, the result is black money. Everybody gets worked up about it, and rightly so. But when the government collects taxes and does not use the revenue for the inte
Hindustan Aeronautics Limited had clocked a turnover of Rs 19,400 crores (provisional and unaudited) for 2018-19 fiscal as compared to the previous fiscal’s Rs 18,284 crores.
With the commissioning of the first unit of 800 MW of Madhya Pradesh-based Gadarwara super thermal power pro
Total steel despatch from SAIL was the highest ever at 14.86 MT during FY’19 due to a dedicated logistics set-up created by SAIL recently. The production from new mills of SAIL plants has rec
BEL has achieved a turnover of Rs 11,700 crores in the recently concluded 2018-19 FY, sustaining a double digit growth (an increase of 16 percent) over the previous year’s turnover of Rs 10,0
The key producer of iron ore, National Mineral Development Corporation has surpassed 30 million tonnes figure of production and sales in 2018-19 FY third year in a row.
The recently inducted India’s first indigenous and biggest artillery gun Dhanush used SAIL’s steel. Indian Army inducted Dhanush gun on April 8 at Jabalpur.
Faridabad-based research and development centre of Indian Oil Corporation`s (IOCL) added another feather to its cap after it filed its 1,001st patent, the first among Indian oil and gas PSUs to do
In a recently floated tender of Solar Energy Corporation of India (SECI) for 250 MW grid connected solar projects in Maharashtra’s Dondaicha solar park, NTPC has secured 100 MW of solar capac
The union cabinet on Wednesday approved the proposal for revival of public sector telephony companies BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring by ra
National Mineral Development Corporation Ltd (NMDC) R&D Cen
SJVN, a miniratna CPSE under the ministry of power, has organised its 33rd Annual General Meeting where Chairman and Managing Director Nand Lal Sharma highlighted the a
India’s biggest ever public issue of shares – and 11th largest in the world – by an insurer, Life Insurance Corporation of India (LIC) will open on May 4 and close on May 9. It wi
India’s state-run ONGC (Oil and Natural Gas Corporation) has said that it plans to increase production by 20% by 2025. The behemoth aims to spend Rs 30,000 crore on capital expenditure in 202
GAIL (India) Ltd has reported Revenue from Operations of Rs 1,44,302 crore in FY23 as against Rs 91,646 crore in FY22. Profit before Tax (PBT) in FY23 stood at Rs 6,584 crore as against Rs 13,590 c
Striking a delicate balance between meeting the nation`s surging energy demands and upholding an unwavering commitment to environmental preservation, the coal sector has been playing a pioneering r
GAIL (INDIA) Limited has reported 75% increase in Profit before Tax (PBT) of Rs.11,555 crore in FY24, as against Rs 6,584 Cr in FY23. Profit after Tax (PAT) in FY24 stands at Rs. 8,836 Cr as
Corporate governance has long been recognised as the cornerstone for sustainable economic growth, corporate accountability, and stakeholder trust. For India, which aspires to become a USD 5 trillio
