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LIC cuts stakes in major PSU stocks

LIC cuts stakes in major PSU stocks

The Insurer-giant PSU LIC has reduced its stakes in the largest investor in State-owned Banks and OMCs, trimming its exposure on PSUs.  During the last year, the average holding in 20 PSBs has come down to 11.9% from 12.7%. On an average period of two years, LIC has reduced its stake in most of public sector banks (PSBs) with Bank of Baroda seeing the biggest reduction of nearly five percentage points (ppts) since June 2015.

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Coal India Organises Training programme for capacity building

New Delhi: Coal India organised a training program for Capacity building for Mining contracts. Dr. B. Veera Reddy, Director (Technical), Coal India Limited/Additional Charge, Chairman and Managing Director, Central Coalfields Limited, inaugurated the programme virtually. 

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Coal India Organises Training programme for capacity building
BHEL's Central Procurement Cell organised a business associates meet

BHEL's Central Procurement Cell organised a business associates meet

BHEL is set to play a major role in the significant thermal capacity addition plan of Govt. of India by 2031-32 and is equipped to capitalise on these emerging opportunities. The company aimed at further strengthening to meet upcoming execution challenges along with its contractors and suppliers, the company’s Central Procurement Cell (CPC) organised a business associates meet to get their views for expeditious execution.

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Ministerial Round Table Conference at WEC 2024

New Delhi: A Ministerial Round Table Conference was held on 24th April, 2024, at the ongoing 26th edition of World Energy Congress in Rotterdam, Netherlands. The Round Table Conference discussed how the COP28 UN Climate Change Conference in Dubai was a game changer. The Ministerial Round Table also discussed energy innovation and collaboration, and implications in managing the evolving energy trilemma trade-offs. The Round Table, held on day three of the World Energy Congress, was attended by

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Ministerial Round Table Conference at WEC 2024
REC Limited avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen

REC Limited avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen

New Delhi: In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India. The green loan facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme. The arrangement between SACE and REC is a breakthrou

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SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh

New Delhi: Smt. Geeta Kapur, Chairman & Managing Director, SJVN Limited today visited under construction 382 MW Sunni Dam and 210 MW Luhri Stage-1 Hydro Electric Projects.  At Sunni Dam Project, Smt. Geeta Kapur inaugurated the commencement of civil works from Adit to Power House Crown with a ceremonial blast on right bank of Satluj river in Marola, Distt Mandi (HP). 

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SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
RailTel signs MoU with InoviTel and Tsiko Africa for Strategic Collaborations

RailTel signs MoU with InoviTel and Tsiko Africa for Strategic Collaborations

RailTel Corporation of India Ltd (RailTel), a Mini Ratna CPSE under Ministry of Railways, Government of India has signed a Tripartite MOU with InoviTel (PTY) LTD and Tsiko Africa Energy & Infrastructure for Tsiko Group to cooperate and collaborate on projects so as to bring Indian technology, innovation and products to South Africa and the adjoining region and explore opportunities in Telecom, Railways and other IT/ICT businesses in South Africa. 

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Saudi Energy Minister Visits PFC at WEC2024

New Delhi: The Energy Minister of Saudi Arabia led a delegation to the Power Finance Corporation's stall at the India Pavilion in Rotterdam, Netherlands during the ongoing World Energy Congress (WEC 2024). Discussions ensued with Shri Pankaj Agarwal, Secretary, Power, Govt. of India, Shri Srikant Nagulapalli, Additional Secretary, Ministry of Power, and Smt. Parminder Chopra, Chairman and Managing Director,  PFC.

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Saudi Energy Minister Visits PFC at WEC2024
World Energy Congress 2024: CMD, IREDA Proposes Innovative Financing Solutions for New and Emerging RE Technologies

World Energy Congress 2024: CMD, IREDA Proposes Innovative Financing Solutions for New and Emerging RE Technologies

Mumbai: Shri Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), participated in a panel discussion on "The New Interdependencies: Trust, Security and Climate Resilience" on 24th April 2024 at 26th World Energy Congress held in Rotterdam, Netherlands. During the discussion, Shri Das shared valuable insights into India's journey towards energy transition and underscored IREDA's crucial role in advancing renewable ener

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INS Kalinga and GITAM University signed MoU

New Delhi: INS Kalinga and GITAM University have entered into an Understanding to collaborate on an assortment of projects aimed at advancing technological Innovation and enhancing security. This is being facilitated under an Addendum to the MoU between the Indian Navy, NWWA and GITAM University. 

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INS Kalinga and GITAM University signed MoU

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