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BHEL pays 76% Final Dividend for fiscal 2013-14

BHEL pays 76% Final Dividend for fiscal 2013-14

New Delhi, October 1: Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 76% for fiscal 2013-14. In value terms, the total dividend paid for fiscal 2013-14 amounts to Rs.693 Crore, which is 141.5% of the paid-up capital...
coal_india1

Mahanadi Coalfields sees 15 percent output growth

Bhubaneswar, Oct 1  Mahanadi Coalfields Ltd (MCL), a unit of state-run Coal India Ltd, expects its output to rise 15 percent in the current fiscal ending in March 2015, Chairman A.K. Sahay said Wednesday. “We expect to produce 127 million tonnes...
02bel

BEL, Thales form JV for making radars in India

New Delhi, Oct 01  State-run Bharat Electronics (BEL) and French technology giant Thales Tuesday announced that the government has approved incorporation of their joint venture (JV) company, BEL-Thales Systems Ltd. “This JV company will primarily...
Cleanliness Drive under SWACCH BHARAT Mission at REC

Cleanliness Drive under SWACCH BHARAT Mission at REC

New Delhi, Sept 30 : As a part of the SWACCH BHARAT Mission senior officers of REC including Rajeev Sharma, CMD REC, P.J Thakkar, Director (Technical), A K Agarwal, Director Finance participated in a cleanliness drive in and around the premises of REC. CMD,...
B.B. Pattanaik, MD, CWC Superannuates today

B.B. Pattanaik, MD, CWC Superannuates today

New Delhi, Sept 30 : B.B. Pattanaik, Managing Director, Central Warehousing Corporation (CWC), who joined as MD, CWC on 1.7.2008, is retiring today on attaining the age of superannuation and after putting more than 35 years of service in the CPSEs. Pattanaik...
ntpc

NTPC to get $250 mn loan from Japan’s Mizuho Bank

New Delhi, Sep 30  In the latest instance of the long line of Japanese aid for Indian infrastructure, state-run power utility NTPC has tied up loans of $250 million with Mizuho Bank of Japan for funding expansion plans. NTPC “had signed a syndicated...
BHEL wins country’s first ever EPC contract for 800 MW rating Supercritical Power Project

BHEL wins country’s first ever EPC contract for 800 MW rating Supercritical Power Project

New Delhi, Sept 29 : Bharat Heavy Electricals Limited (BHEL) has been awarded a prestigious EPC contract from Gujarat State Electricity Corporation Ltd (GSECL) for setting up a 1×800 MW coal-fired Supercritical thermal unit at Wanakbori, in District...
ONGC athlete lands India another Asian Games medal

ONGC athlete lands India another Asian Games medal

New Delhi, Sept 29 : Oil Maharatna ONGC’s athlete Khushbir Kaur has added another medal to India’s tally at Incheon Asian Games. She won silver medal in 20 km walk at the highly competitive event. This is the 4th medal brought by ONGCians...
NTPC  Ladies Club powers the Swatchh Bharat Mission

NTPC Ladies Club powers the Swatchh Bharat Mission

New Delhi, Sept 29 : Swatchh Bharat Mission is receiving enthusiastic response with NTPC family members leading the various programs being organized during the week. NTPC Ladies club members are also organizing  cleanliness drives in townships  to spread...
31nalco

NALCO embarks on growth plans

Bhubaneswar, Sep 29  Odisha-run National Aluminium Company Ltd. (NALCO) said it has embarked on growth plans which involve a substantial investment in next three to four years not only in aluminium but also in energy sector. Chairman Ansuman Das said...
ovl

ONGC, Mexico’s Pemex to jointly start oil exploration

New Delhi, Sep 27 Energy exploration major ONGC’s foreign arm ONGC Videsh Saturday entered into a memorandum of understanding and cooperation (MOU) with Mexico’s Pemex national oil company for exploration of hydrocarbons. According to the...
oil_india

OIL India revamping pump stations in Assam at Rs.1,200 crore

Guwahati, Sep 27 State-run explorer Oil India Ltd.(OIL) Saturday said it is investing Rs.1,200 crore to revamp pump stations of pipelines transporting crude oil to refineries in Assam. “The pumping stations of the trunk pipeline have been operating...
‘Swachh Bharat Mission’ in NTPC

‘Swachh Bharat Mission’ in NTPC

New Delhi, Sept 27 : NTPC began Swatch Bharat Mission at its Corporate Centre on 25th September  with a talk on the significance of cleanliness . The mission has invoked enthusiastic response from NTPC employees. Renowned Poet  Dr. Anil Vajpayee was...
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Coal deallocations may hike CAD by $700 mn: SBI

New Delhi, Sep 27  The Supreme Court’s deallocation of coal blocks may have a marginal impact on raising the net burden on the current account deficit (CAD) by an additional $700 million, according to a State Bank of India report Friday. The CAD...
SBI & the Korea Eximbank sign Untied Line of Credit

SBI & the Korea Eximbank sign Untied Line of Credit

Mumbai, September 26, 2014: State Bank of India (SBI), India’s largest Bank and The Export- Import Bank of Korea (Korea Eximbank) an official export credit agency of Korea, today signed a Loan Agreement for an Untied Two-Step Line of Credit for a USD...
ONGC inks MoU with ASI and Tourism Ministry to conserve Taj Mahal

ONGC inks MoU with ASI and Tourism Ministry to conserve Taj Mahal

New Delhi, Sept 26 : As a part of its structured CSR initiatives, Oil and Natural Gas Corporation Ltd (ONGC) signed a tripartite MoU with the Archaeological Survey of India (ASI) and Ministry of Tourism, Government of India. The MoU was signed today in...
NTPC Signs Contract Agreement with NPTI

NTPC Signs Contract Agreement with NPTI

New Delhi, Sept 25 : NTPC and National Power Training Institute (NPTI) signed a contract agreement today in New Delhi for Skill Development of Power Plant Engineers across the country.  Under this agreement NTPC will provide consultancy services to NPTI...
Food Minister Visits CWC, ICP Attari

Food Minister Visits CWC, ICP Attari

New Delhi Sept 23 : Ram Vilas Paswan, Minister for Consumer Affairs, Food & Public Distribution visited the Cargo Terminal of the Integrated Check Post (ICP) at Attari (on Indo-Pak border) operated by Central Warehousing Corporation (CWC) on 18th...
ongc

Government removes 3 independent directors on ONGC board

New Delhi, Sep 23  The government removed three independent directors from the board of Oil and Natural Gas Corp (ONGC) effective Friday, the day the company announced at its AGM about having invested Rs.81,890 crore in bringing on stream newer discoveries. “P....
Indian PSUs need up to $37 bn to meet Basel II norms

Indian PSUs need up to $37 bn to meet Basel II norms

London, Sep 23  India’s public sector banks may need from $26 billion to $37 billion in external capital as Basel III norms loom, Moody’s said Monday. This, even if there’s a slight bounce back in the country’s GDP growth. It...
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