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PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh

PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh

🕔16:52, 26.May 2020

New Delhi, 26th May 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh,  to fund projects worth Rs.22,000 crore for

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REC Limited ties up with TajSATS to provide nutritious meals to frontline healthcare workers

REC Limited ties up with TajSATS to provide nutritious meals to frontline healthcare workers

🕔10:50, 26.May 2020

New Delhi, 26th May 2020: REC Limited, a Government of India PSU and one of India’s largest power financiers, is spearheading the mission to feed the medical staff in key government hospitals as well as poor daily wage labourers across the nation,

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Canara Bank releases emergency credit facilities for MSMEs

Canara Bank releases emergency credit facilities for MSMEs

🕔17:34, 23.May 2020

New Delhi, May 23  In order to meet the temporary liquidity mismatch arising out of COVID-19 outbreak, Canara Bank has announced ‘CANARA CREDIT SUPPORT’ for all of their borrowers who have been affected by COVID-19. The Canara Credit Support is

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NTPC in pact with ONGC to set up Joint Venture Company for Renewable Energy Business

NTPC in pact with ONGC to set up Joint Venture Company for Renewable Energy Business

🕔16:19, 22.May 2020

New Delhi, May 22, 2020: NTPC Ltd. and Oil and Natural Gas Corporation Limited (ONGC) have signed a Memorandum of Understanding (MoU) to set up a Joint Venture Company for Renewable Energy business. The MoU will enable both companies to

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ONGC and NTPC sign MOU to set up Joint Venture for Renewable Energy Business

ONGC and NTPC sign MOU to set up Joint Venture for Renewable Energy Business

🕔05:43, 22.May 2020

Oil and Natural Gas Corporation Limited (ONGC) and NTPC ltd are planning to set up a Joint Venture Company for Renewable Energy business. The two Maharatnas entered into a Memorandum of Understanding (MoU) on 21 May 2020 in Delhi to

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NHPC observes Anti-Terrorism Day

NHPC observes Anti-Terrorism Day

🕔16:25, 21.May 2020

NHPC, India’s premier hydropower company, observed Anti-Terrorism Day at its Corporate Office and across all its Regional offices, Power Stations and Projects on 21st May, 2020. Shri A.K. Singh, Chairman and Managing Director, NHPC administered the oath of Anti-Terrorism Day to

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NBCC OBSERVES ANTI TERRORISM DAY

NBCC OBSERVES ANTI TERRORISM DAY

🕔16:21, 21.May 2020

Shri P K Gupta, CMD; Shri Rajendra Chaudhari, Director (Commercial); Shri Neelesh Shah, Director (Projects) accompanied by other senior executives of NBCC, administered the Anti Terrorism Pledge at its Corporate Office, New Delhi on 21st May 2020.

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Rs 90,000 cr liquidity injection a breather for power gencos

Rs 90,000 cr liquidity injection a breather for power gencos

🕔15:27, 20.May 2020

New Delhi, May 20  The government’s move to provide Rs 90,000 crore loans to state power distribution companies (discom) comes at an opportune time and will help clear a significant part of their obligations to power generation companies (genco), according

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Cabinet approves waiver of interest of Hindustan Organic Chemicals Limited

Cabinet approves waiver of interest of Hindustan Organic Chemicals Limited

🕔15:15, 20.May 2020

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its ex-post facto approval for waiver of interest of Rs.7.59 crore on Government of India loans of Hindustan Organic Chemicals Limited (HOCL), as on 31st March,

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SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund

SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund

🕔20:34, 19.May 2020

Mumbai, May 19  In battle against the COVID-19 crisis, employees of the country’s largest lender, State Bank of India (SBI) have decided to contribute an additional amount of Rs 7.95 crore to the Prime Minister’s Citizen Assistance and Relief in

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Canara Bank launches special gold loan business vertical

Canara Bank launches special gold loan business vertical

🕔18:40, 18.May 2020

New Delhi, May 18  Canara Bank on Monday said that it has launched a special business vertical dedicated for gold loans. In a statement, the bank said that its gold loan products are designed keeping in mind the need for

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Consolidation in public sector oil firms back on table

Consolidation in public sector oil firms back on table

🕔14:41, 18.May 2020

New Delhi, May 18 Government may revive plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing gas transportation and consultancy companies leaving just few large integrated entities in operation. The expected move is

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Public sector banks are in for more challenging times:AIBEA

Public sector banks are in for more challenging times:AIBEA

🕔18:27, 17.May 2020

Chennai, May 17  The public sector banks are in for more challenging times following the stimulus package announced by the Union Finance Minister Nirmala Sitharaman, said a top leader of the major banking union All India Bank Employees’ Association (AIBEA).

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BPCL engages employees by organising an innovative , inhouse “ REFINERY SYMPOSIUM FORUM”

BPCL engages employees by organising an innovative , inhouse “ REFINERY SYMPOSIUM FORUM”

🕔16:42, 17.May 2020

With the objective of developing knowledge base of the employees in different areas of Refining, thereby making them multiskilled, BPCL organised for the first time an innovative, inhouse “ REFINERY SYMPOSIUM FORUM” for its employees on 16th May 2020. Domain

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NLC INDIA DISTRIBUTES ESSENTIAL FOOD COMMODITIES TO 25,000  PROJECT AFFECTED PERSONS AND VILLAGERS SURROUNDING NEYVELI WORTH Rs. 1.2 CRORES

NLC INDIA DISTRIBUTES ESSENTIAL FOOD COMMODITIES TO 25,000 PROJECT AFFECTED PERSONS AND VILLAGERS SURROUNDING NEYVELI WORTH Rs. 1.2 CRORES

🕔05:47, 16.May 2020

NLC India, true to its vision, has been demonstrating its concern on Social Responsibility through a wide range of impactful programmes under CSR as well as peripheral development in Neyveli and other project locations all over India. No sooner had

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Activists want no extension of clearance to Himachal hydro project

Activists want no extension of clearance to Himachal hydro project

🕔13:16, 15.May 2020

Shimla, May 15  Close to 1,000 representatives of environmental action groups, locals and academics have asked the Ministry of Environment, Forests and Climate Change not to grant extension of clearance to the state-run Kashang hydropower project in geologically fragile Kinnaur

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ESIC to be extended pan-India, apply to all firms with over 10 workers: FM

ESIC to be extended pan-India, apply to all firms with over 10 workers: FM

🕔07:34, 15.May 2020

New Delhi, May 15  Finance Minister Nirmala Sitharaman, while announcing the second tranche of the economic stimulus on Thursday, said steps are being taken to extend Employee State Insurance Corporation (ESIC) coverage pan-India to all districts and all establishments employing

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ONGC awards 49 marginal onland oil fields to seven firms

ONGC awards 49 marginal onland oil fields to seven firms

🕔05:44, 15.May 2020

Oil and Natural Gas Corporation Limited (ONGC) placed Notice of Award (NoA) for seven successful bidders in 13 contract areas comprising of 49 marginal oil and gas fields. The bid process for seeking partners for enhancement of production from 64

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REC Limited successfully raises 3 Yr USD 500 Mn Bonds, first USD cross border issuance out of India since COVID-19

REC Limited successfully raises 3 Yr USD 500 Mn Bonds, first USD cross border issuance out of India since COVID-19

🕔16:42, 13.May 2020

New Delhi, 13th May 2020: REC Limited, a Government of India PSU and one of India’s largest power financiers, opened up the USD markets for Indian issuers in the wake of COVID crisis. In the lead up to the issuance, REC was actively

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IndianOil raises refinery operations to 60% of design capacity, plans to scale up further by month end

IndianOil raises refinery operations to 60% of design capacity, plans to scale up further by month end

🕔19:15, 11.May 2020

New Delhi, 11th May, 2020: With the demand for petroleum products gradually picking up, Indian Oil Corporation (IndianOil) has re-started several process units at its refineries that were down due to the lockdown. With throughputs gradually picking up pace, the refineries are

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