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A view of the product storage tanks at Indian Oil Corporation's new petroleum bulk storage terminal at Jasidih in Deoghar district of Jharkhand

Rs.1,150 crore plan to build strategic petroleum reserves

New Delhi, Aug 3  To secure India’s energy economy against supply and price fluctuations globally, an additional funding of over Rs.1,150 crore is being provided for the Indian Strategic Petroleum Reserves Ltd.(ISPRL). Through supplementary...
PNB Launches Savings Fund Campaign

PNB Launches Savings Fund Campaign

  Shri Gauri Shankar, Managing Director & CEO (second from the left) giving Welcome Kit to the new customer on the occasion of launch of Saving Bank Campaign, in the presence of Sh. K.V.Brahmaji Rao & Dr. R.S. Sangapure, EDs, Sh. N.K. Arora,...
D. Bandyopadhyay appointed Director (HR), BHEL

D. Bandyopadhyay appointed Director (HR), BHEL

New Delhi, August 1 On his appointment as Director on the Board of Bharat Heavy Electricals Limited (BHEL), Mr. D. Bandyopadhyay, 56, has assumed charge as Director (Human Resource) of the Maharatna Public Sector engineering and manufacturing enterprise. Prior...
Ved Prakash Mahawar takes over as Director (Onshore), ONGC

Ved Prakash Mahawar takes over as Director (Onshore), ONGC

New Delhi 1st August, 2015 Mr. Ved Prakash Mahawar today took over as Director (Onshore) of ONGC; India’s largest and the global 3rd ranked E&P company. As Director (Onshore), a board level position, he will be directly looking after all the...
Sudhir Sharma takes over as Director (Exploration), ONGC Videsh

Sudhir Sharma takes over as Director (Exploration), ONGC Videsh

New Delhi 01 Mr. Sudhir Sharma, takes over as Director (Exploration), ONGC Videsh Ltd August, 2015 Sudhir Sharma has taken over as the Director (Exploration) in the Board of ONGC Videsh, the international petroleum company of India. He brings over three...
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Rs.12,000 crore supplement demand for grant for banks’ recapitalisation

New Delhi, Aug 01  The government on Friday presented to parliament a supplementary demand for grants to provide for Rs.12,000 crore towards recapitalization of public sector ba(PSBs). Finance Minister Arun Jaitley plans to provide Rs.25,000 crore capital...
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Petronet LNG Q1 net soars 58 percent; appoints new CEO

New Delhi, July 31  Petronet LNG has reported a 58 percent jump in net profit at Rs.247.50 crore for the first quarter ended June mainly on the back of a tax reversal. The company had posted a net profit of Rs.156.60 crore in the April-June quarter a...
NTPC Signs JVA for Patratu

NTPC Signs JVA for Patratu

NTPC and Government of Jharkhand and Jharkhand Bijli Vitran Nigam Limited (JBVNL) signed a JVA for Performance Improvement and Capacity Expansion of  Patratu Thermal Power Station (PTPS)  in the presence of CM, Jharkhand, Chief Secretary, GOJ, CMD,...
No artificial under-valuation of land by PSUs

No artificial under-valuation of land by PSUs

New Delhi, July 31 Denying that public sector undertakings engage in artificial under-valuation of land in their books, the government on Thursday told parliament that they are free to get their assets assessed at current market value while accessing...
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SAIL’s modernized Plant at IISCO despatch first export consignment of Blooms

New Delhi/Burnpur, 31 July, 2015: Steel Authority of India Ltd.’s IISCO Steel Plant (ISP) dispatched its first export consignment of 45 wagons of Steel blooms today. The consignment amounting to 2764 Metric Tonnes was flagged off from the West Yard...
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SJVNL Q1 profit up 25.53 percent

New Delhi, July 30 (IANS) With an increase in installed capacity, Satluj Jal Vidyut Nigam Ltd. (SJVNL) has recorded a 24.53 percent increase in net income during the first quarter of this fiscal, it was announced here on Thursday. The net income increased...
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NTPC Q1 net falls 3 percent on lower generation

New Delhi, July 30 (IANS) State-run power generator NTPC on Thursday reported a 3 percent fall in net profit for the first quarter ended June due to lower generation and plant efficiency as denoted by plant load factor (PLF). The company posted a net...
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BSNL to invest Rs.6,000 crore for 40,000 Wi-Fi hotspots : Chairman

New Delhi, July 30 (IANS) State-run telecom service provider Bharat Sanchar Nigam Ltd (BSNL) will invest Rs.6,000 crore over the next three years to set up some 40,000 Wi-Fi hotspots across the country, its chairman-cum-managing director Anupam Shrivastava...
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Allahabad Bank net profit up 30.29 percent in Q1

Kolkata, July 29 (IANS) Allahabad Bank on Wednesday posted a 30.29 percent surge in its net profit at Rs.146.86 crores for the first quarter of this fiscal as against Rs.112.72 crore in the same period last fiscal. The total business volume of the bank,...
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Syndicate Bank net down 38 percent in Q1

Bengaluru, July 29  State-run Syndicate Bank on Tuesday reported net profit of Rs.302 crore for first quarter of 2015-16 as against Rs.485 crore posted in the period of 2014-15, registering a 38 percent decline year-on-year.“Our total income,...
Few cheers in PNB first quarter results

Few cheers in PNB first quarter results

Punjab National Bank declared its financial results for Q1 Jun’15 today. Global business grew by 13.4% (over March’ 15) out of which global deposits showed a growth of 16.4% whereas global advances registered a growth of 9.6% over March’15. The...
POWERGRID bestowed with the D& B PSU Award

POWERGRID bestowed with the D& B PSU Award

New Delhi, 28.07.2015 :  POWERGRID has been conferred with the Dun & Bradstreet PSU Award 2015 under the Power Transmission & Distribution Sector category. Director (Personnel), Ravi P. Singh received the award at a glittering ceremony held...
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160 petrol, diesel outlets shut for malpractices

New Delhi, July 28 (IANS) A total of 150 petrol and diesel retail outlets across the country involved in malpractices like under-measurement and adulteration of transport fuels have had their licenses terminated, parliament was told on Monday.“Oil...
pfc

Power Finance Corp 5 percent stake on sale

New Delhi, July 27  The central government has set a floor price at Rs.254 per equity share for divestment of 5 percent of its stake in Power Finance Corp (PFC) on Monday. “The floor price of the offer shall be Rs.254 per equity share of Power...
Centre reviving sick fertiliser plants

Centre reviving sick fertiliser plants

New Delhi, July 27 The government is working to revive sick fertiliser units and a financial revival package has been prepared for Fertilizers and Chemicals Travancore (FACT) and Madras Fertilizers Ltd. “A proposal for seeking approval of the cabinet...
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