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Modi inaugurates revamped Rourkela Steel Plant unit

Modi inaugurates revamped Rourkela Steel Plant unit

Bhubaneswar, April 1 Prime Minister Narendra Modi on Wednesday inaugurated the expanded and modernized unit of SAIL’s Rourkela Steel Plant (RSP). Modi also visited the plate mill of RSP and held discussions on various development works...
IndianOil Refineries  to process 55 MMT crude  during  2015-16

IndianOil Refineries to process 55 MMT crude during 2015-16

New Delhi. 1st April, 2015 : IndianOil Refineries have targeted to process 55 MMT crude  during  the  new fiscal year 2015-16. The state-of-the-art  Paradip Refinery will be added to IndianOil group along with Guwahati, Barauni, Gujarat, Haldia, Mathura,...
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BHEL commissions second 800 MW Supercritical Boiler at Krishnapatnam

New Delhi, April 1: Bharat Heavy Electricals Limited (BHEL) has achieved another milestone with the commissioning of the second 800 MW supercritical boiler at Sri Damodaram Sanjeevaiah Thermal Power Plant (SDSTPP) at Krishnapatnam in Nellore District...
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Rs.4,948 crore budgetary support to oil cavern programme

New Delhi, April 01  The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved allocation of Rs.4,948 crore for gross budgetary support (GBS) to the scheme for the Indian Strategic Storage Programme for Storage of Crude Oil (ISSPSCO). ISSPSCO...
The Chairman-Cum Managing Director, NLC Ltd., B. Surender Mohan presenting the interim dividend cheque of Rs.271.79 crore to the Minister of State (Independent Charge) for Power, Coal and New and Renewable Energy, Piyush Goyal, in New Delhi on March 31, 2015. The Secretary, Coal, Shri Anil Swarup and the Director (Finance), Rakesh Kumar are also seen.

NLC Paid Interim Dividend to Government

Neyveli Lignite Corporation (NLC) Ltd., a Navratna PSU under Ministry of Coal, Government of India, paid an Interim Dividend of 18% i.e. Rs. 1.80 per share of Rs. 10 each for the financial year 2014-15 to the Central Government. Last year the company...
MoU Signed between HUDCO and MoHUPA

MoU Signed between HUDCO and MoHUPA

The Memorandum of Understanding for the year 2015-16 was signed between Housing and Urban Development Corporation Limited (HUDCO) and Ministry of Housing & Urban Poverty Alleviation (MoHUPA) with c (MoHUPA) and Dr. M. Ravi Kanth, Chairman and Managing...
REC signs MOU with Ministry of Power for FY 2015-16

REC signs MOU with Ministry of Power for FY 2015-16

Rural Electrification Corporation Limited (REC) signed the Memorandum of Understanding (MoU) with Ministry of Power, GoI for setting out various Financial and Physical Targets for FY 2015-16. The MoU was signed by P. K. Sinha, Secretary, Ministry of...
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President of Rwanda inaugurates Hydro Electric Plant set up by BHEL

New Delhi, March 31: The 28 MW Nyaborongo-1 hydro electric power plant, set up by Bharat Heavy Electricals Limited (BHEL) in Rwanda, has been inaugurated by Paul Kagame, President, Republic of Rwanda. H.E. Mr. James Musoni, Minister of Infrastructure...
Largest ever Bonus Debenture Issue of Rs 10307 crore by NTPC

Largest ever Bonus Debenture Issue of Rs 10307 crore by NTPC

NTPC Ltd. has issued, by way of bonus, one fully paid-up, secured debenture of Rs. 12.50 each, for every one fully paid-up equity share of Rs. 10 held by its shareholders. This is the largest ever Bonus Debenture Issue of Rs 10307 crore in India and the...
NTPC CMD addresses students at NICMAR  in Pune

NTPC CMD addresses students at NICMAR in Pune

Loyalty towards the company , ethics, ability to do quality  work  are  requisites for success in any profession said Dr Arup Roy Choudhury, CMD, NTPC. He was delivering the graduation ceremony address as Chief Guest at the Annual Graduation Ceremony...
State Bank of India wins ‘Brand of the Year’ Award

State Bank of India wins ‘Brand of the Year’ Award

Mumbai, 30 March 2015: State Bank of India won the ‘Brand of the Year’ award in banking in India at The World Branding Awards that took place in Paris, France on March 25th, 2015. The glittering ceremony at the iconic Hilton Paris Opera honored 50...
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BHEL to set up power plant in Telengana

New Delhi, March 30  State-run power equipment maker Bharat Heavy Electricals Ltd. (BHEL) on Monday said it is setting up four 270 MW units valued at Rs.5,000 crore for Telangana State Power Generation Corporation Limited (TSGENCO) in the state. The...
NLC provides Science Museum for School Children at Neyveli – CMD, NLC

NLC provides Science Museum for School Children at Neyveli – CMD, NLC

To commemorate the discovery of the Raman Effect by Sir C.V. Raman, for which he was awarded the Nobel Prize in Physics in 1930, Neyveli Chapter of Tamilnadu Science Forum celebrated the National Science Day on 27-03-2015 at Lignite Hall, Neyveli. B....
PFC received “Dalal Street Investor Journal PSU Award 2014

PFC received “Dalal Street Investor Journal PSU Award 2014

Power Finance Corporation Ltd (PFC) has been conferred with the Dalal Street Investor Journal PSU Award 2014 in the category of “Navratna PSU of the Year-Non Manufacturing”. A. K. Agarwal, Director (Projects), PFC received this award from General...
70th  Branch  of  PNB at Subhash Nagar

70th Branch of PNB at Subhash Nagar

S.R. Sharma, Field General Manager, Punjab National Bank Delhi inaugurated a branch at Subhash Nagar, New Delhi.  On this occasion, addressing the customers, Sharma informed that it is 70th Branch of Central Delhi Circle of Punjab National Bank which...
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SBI to dilute 23 percent stake in SBI General Insurance

Chennai, March 26  India’s largest mortgage lender State Bank of India (SBI) has decided to lower its stakes in its general insurance joint venture to 51 percent and has decided to begin the process, the bank said on Thursday. In a regulatory filing...
PFC Pays Interim Dividend of Rs.816.81 Crore to GoI

PFC Pays Interim Dividend of Rs.816.81 Crore to GoI

M. K.  Goel, CMD, Power Finance Corporation Ltd (PFC) handed over the Interim Dividend of Rs. 816.81 Crore for the FY 2014-15 to Piyush Goyal, Minister of State for Power, Coal and New & Renewable Energy (I/C) in the presence of Joint Secretary,...
ONGC is Maharatna of the Year

ONGC is Maharatna of the Year

Oil and Natural Gas Corporation Limited (ONGC) has secured the ‘Maharatna of the year’ award in the ‘Dalal Street Investment Journal Public Sector Undertaking Awards 2014’. ONGC got the award in the Non-Manufacturing category. ONGC Director...
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ONGC to invest Rs.40,000 crore in KG basin

Hyderabad, March 25 State-owned Oil and Natural Gas Corporation (ONGC) will invest Rs.40,000 crore in Krishna-Godavari (KG) basin in the next four years, its CEO and MD D.K.Saraf told Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday. The...
REC Pays Rs.518.53 Cr as Interim Dividend

REC Pays Rs.518.53 Cr as Interim Dividend

New Delhi, Mar 25 Shri Rajeev Sharma, CMD of REC, a Navratna Public Sector Undertaking under Ministry of Power, presented RTGS credit advice towards payment of Interim Dividend for the Financial Year 2014-15, amounting to Rs.518.53 crore on the shareholding...
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