PSU in Media

KOLKATA . We will remain profitable, despite private competition: Coal India Chairman.

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Berne Union holds Annual General Meeting in Hyderabad

Hyderabad : 23rd October 2019 – A global delegation of 220 senior executives of the export credit and investment insurance industry met in Hyderabad for the Berne Union 2019 AGM, hosted by ECGC India. Insurers reported a declining volume of new commitments alongside a 21% increase i

Posted Date : 24-10-19

IRCTC to soon come up with Japanese-style pod hotel near Mumbai Central

New Delhi: Indian Railway Catering Tourism Corporation Limited (IRCTC), the ticketing arm of Indian Railways is planning to come up with pod hotel — a concept derived from Japanese ultra-modern capsules accommodation –for providing cheap stay to passengers near the Mumbai Central railway stat

Posted Date : 17-08-19

Shri Hardeep Singh Puri launched the Water Plus Protocol

NEW DELHI.The Minister of State for Housing & Urban Affairs, Civil Aviation (Independent Charge) and Commerce & Industry, Shri Hardeep Singh Puri launching the Water Plus Protocol, at a press conference on the Swachh Survekshan 2020, in New Delhi on August 13, 2019. The Secretary, Ministry of Hou

Posted Date : 14-08-19

CHAIRMAN COAL INDIA LIMITED REVIEWS NCL

SINGRAOULI: Shri Sutirtha Bhattacharya , CMD, Coal India Limited chaired a performance review meeting at NCL Headquarters. NCL CMD, Shri T. K. Nag, Director (Personnel), Ms. Shantilata Sahu, Director (Technical/Operations), Shri Gunadhar Pandey, Director (Finance), Shri P. S.R.K. Sas

Posted Date : 23-08-17

Shri Ram Vilas Paswan Addressing a Press Conference

NEW DELHI: The Union Minister for Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan addressing a press conference, in New Delhi on July 07, 2017. The Minister of State for Consumer Affairs, Food and Public Distribution, Shri C.R. Chaudhary is also seen.

Posted Date : 08-07-17

Gajapathi Raju Pusapati holding a Press Conference

NEW DELHI: The Union Minister for Civil Aviation, Shri Ashok Gajapathi Raju Pusapati holding a press conference, in New Delhi . The Minister of State for Civil Aviation, Shri Jayant Sinha and the Secretary, Ministry of Civil Aviation, Shri R.N. Choubey are also seen.

Posted Date : 27-06-17

BEL Team Explain to Media About EVM

New Delhi: BEL team explaining non tamperability if EVM during Election commission media demonstration recently.

Posted Date : 24-05-17

Press Conference on Deendayal Upadhyaya Gram Jyoti Yojana

NEW DELHI: The Minister of State for Power, Coal, New and Renewable Energy and Mines (Independent Charge), Shri Piyush Goyal releasing the booklet on rural electrification status, at a Press Conference on Deendayal Upadhyaya Gram Jyoti Yojana- Rural Electrification Scheme, in New Delhi on May 19,

Posted Date : 20-05-17

Media meet on Ujwal DISCOM Assurance Yojana

Posted Date : 30-03-17

Hyderabad airport ranks 1st in world in airport service quality survey

Hyderabad: GMR's Hyderabad International Airport has secured first position in the world in the prestigious Airports Council International (ACI)-Airport Service Quality (ASQ) survey in the 5-15 million passengers per annum (MPPA) category for the year 2016. We soon plan to go for expansion o

Posted Date : 07-03-17

Tata Docomo Partners With AAI To Launch Public Wi Fi Connectivity At Goa Airport

Inaugurating the WiFi service at the airport, The Honorable Chief Minister Sri Laxmikant Parsekar said, “The Prime Minister’s vision of Digital India has taken wings. We’ve seen a tremendous growth in adoption of public Wi-Fi services. We hope that these services are able to con

Posted Date : 17-02-17

A SMART NCR IN 2025

NEW DELHI . The one day Delhi Management Association (DMA) Diamond Jubilee National Convention on the theme “A SMART NCR IN 2025” was inaugurated by the Chief Guest of Honour- Shri Rajiv Gauba, Secretary, Ministry of Urban Development, GoI at India Habitat Centre, New Delhi on Februar

Posted Date : 16-02-17

Aero India 2017

Bengaluru. The Union Minister for Defence, Shri Manohar Parrikar, the Union Minister for Civil Aviation, Shri Ashok Gajapathi Raju Pusapati, the Minister of State for Civil Aviation, Shri Jayant Sinha, the Minister of State for Defence, Shri Subhash Ramrao Bhamre, and other dignitaries at the Aer

Posted Date : 15-02-17

Before bundling all oil PSEs together remember disastrous merger of Air India and Indian Airlines

NEW DELHI .Finance minister Arun Jaitley indicated, in his budget speech, that the government is considering bundling of all oil public sector enterprises (PSEs) into one giant unit: “We propose to create an integrated public sector ‘oil major’ which will be able to match the pe

Posted Date : 13-02-17

AAIs Pune airport achieves the highest Airport Service Quality Rating.

New Delhi. Airports Authority of India got report of ACI-ASQ survey for Quarter-IV (October-December) 2016 for 11 airports. The Pune Airport has achieved the highest ACI-ASQ rating of 4.78 and is ranked 29 in the world, followed by Lucknow Airport with ASQ rating of 4.76 ranked 31 during the Qtr-

Posted Date : 11-02-17

NTPC Q3 net profit falls 7 point 5 percent to Rs2469 crore

New Delhi: State-owned power producer NTPC Ltd on Wednesday reported a 7.5% fall in net profit in the December quarter to Rs2,469 crore from the same period a year ago on account of higher fuel and finance costs and tax liability relating to previous accounting periods. NTPC

Posted Date : 09-02-17

Singapore based arbitrator to preside over RIL ONGC dispute

NEW DELHI: Singapore-based arbitrator Prof Lawrence Boo has been named as the presiding judge of a three- member arbitration panel that will go into the validity of government's demand of $1.55 billion compensation from Reliance Industries for "unfairly" producing ONGC's gas.&nb

Posted Date : 09-02-17

Govt mulls merger of 6 consulting firms in the EIL

New Delhi. The government is considering the merger of half a dozen state-owned consultancy firms such as Engineering Projects (India) Ltd with Engineers India Ltd (EIL) to create a mega consultancy player that can take on the might of global giants such as Bechtel. Taking a

Posted Date : 09-02-17

Shri Piyush Goyal to launch TAMRA Portal and Mobile Application to ensure transparent award of Statutory Clearances for Mining Operations

With an objective to enhance transparency and accountability as a part of the Ease of Doing Business in the Mining sector, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal will launch TAMRA (Transparency, Auction Monitoring and Resource Augment

Posted Date : 08-02-17

MRPL profit leaps to 92 percent in Q3

Mangaluru. Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a profit of ?566 crore in the third quarter of 2016-17 against a profit of ?295 crore in the corresponding period of 2015-16, a growth of 91.86 per cent. H Kumar, Managing Director, attributed this growth to the increase in the

Posted Date : 08-02-17

The size of the merged oil PSUs will help in acquisitions M K Surana CMD HPCL

MUMBAI. The large size of the new oil sector behemoth that will be created as a result of oil PSUs merger will help in acquisition of overseas assets, M K Surana, Chairman and Managing Director (CMD) of state-owned refiner Hindustan Petroleum Corp (HPCL) tells ET Energy world

Posted Date : 08-02-17

Thermal plant load at 10 year low

NEW DELHI . Government estimates for the April-December, 2016, period show the average PLF of the thermal power stations in the country has slid to a decadal low of 59.64 per cent. Government estimates for the April-December, 2016, period show the average Plant Loa

Posted Date : 08-02-17

NMDC stake sale may spark extremism warns Chhatisgarh CM Raman Singh

NEW DELHI . Chhattisgarh chief minister Raman Singh has recently written to Prime Minister Narendra Modi expressing reservations about the Cabinet Committee of Economic Affairs’ (CCEA) November 2016 decision to offload 51% equity in the steel unit in favour of a private company. Singh has a

Posted Date : 08-02-17

Indian Oil ranking rise in the Brand Finance Global 500

New Delhi. in the ‘Most Valuable Brands of 2017’ list by Brand Finance. The Brand Finance Global 500 report released yesterday included the top 500 companies globally. In the list, government-owned insurance player Life Insurance Corporation (LIC) continues to gro

Posted Date : 08-02-17

NHPC Q3 net up 26 percent at Rs 215 cr board approves share buyback

NEW DELHI. NHPC today posted an annual 25.8 per cent jump in its net profit at Rs 214.69 crore for the third quarter and also announced a buyback plan to raise Rs 2,616.59 crore. The board of directors has approved the proposal for buyback of fully-paid shares from all shareh

Posted Date : 08-02-17

Govt to introduce Bill to amend AAI Act says Sinha

NEW DELHI. Government is in the process of introducing a Bill to amend the Airports Authority of India (AAI) Act that would allow for optimal utilisation of land, the Rajya Sabha was informed today. The national civil aviation policy envisages unlocking the potential of comme

Posted Date : 08-02-17

Air India may be listed on exchanges with banks holding strategic stake

New Delhi: The government is considering inducting banks as strategic investors in Air India, followed by a listing of the national airline, said two persons familiar with the plan. Privatization of the airline isn’t on the cards, said the two, who requested anonymity.

Posted Date : 08-02-17

India reaches 50 GW of renewable energy installations

New delhi . On its way to a targeted 175GW of renewable energy installations by 2022, India has now surpassed 50GW of deployment, according to data from the Ministry of New and Renewable Energy (MNRE). Solar continues to be deployed at an extreme pace, while the wind sector i

Posted Date : 08-02-17

India lost 15 billion units of electricity generation last quarter owing to gas shortage

New Delhi: India lost 15 billion units of power generation in the quarter ended December due to short supply of natural gas to run power plants, according to power ministry data. The loss amounted to more than 5 per cent of the planned quarterly power production of 295 billion units from conventi

Posted Date : 08-02-17

GAIL may remain a separate vertical under mega oil company

NEW DELHI . Though the government plans to merge state-run oil companies to create a behemoth t o take on competition from overseas integrated players, gas major GAIL (India) — which comes under the ambit of the proposal — may remain a separate vertical even in a merged entity.

Posted Date : 07-02-17

HPCL may raise USD 500 million via bond issue

Visakhapatnam. HPCL is planning to modernize its refinery in Visakhapatnam and expand its capacity from the existing 8.33 mtpa to 15 mtpa. The fund raise is basically for the Vizag refinery expansion and to complete some pipeline projects,” an HPCL official said, also on condition of anonym

Posted Date : 07-02-17

Odisha govt asks MCL to full up two closed underground mines

BHUBANESHWAR. Odisha Chief Secretary A P Padhi directed the MCL to fill up the two closed underground mines at Deulbeda and Handhidhua with sand within three years. The Chief Secretary gave the direction while reviewing the sand filling and reclamation works of Mahanadi coalfield Limited in its m

Posted Date : 07-02-17

BPCL conducts driving contest for fuel efficiency

New Delhi . Navratna public sector undertaking Bharat Petroleum Corporation Ltd (BPCL) conducted a fuel efficiency driving contest in New Delhi last week. The competition was part of a month long campaign launched by the Ministry of Petroleum & Natural Gas for sensitising masses about conserv

Posted Date : 07-02-17

CIL plans to acquire coking coal assets abroad

New Delhi: CIL is exploring coking coal assets overseas as the country is faced with constraints of techno-commercially viable domestic metallurgical coal reserves, Parliament was informed today. "CIL (Coal India Ltd) is scouting for acquiring coking coal assets abroad,

Posted Date : 07-02-17

NTPC to shut down old power plants with capacity of 11000 MW

New Delhi: State-owned NTPC has decided to shut down old polluting power plants of capacity totalling roughly 11 GW and replace those with new ones which are highly efficient, Power Minister Piyush Goyal told the Rajya Sabha today. Replying to questions, the Minister said the

Posted Date : 07-02-17

Merged PSU energy giant to have global edge B Ashok IOC Chairman

MUMBAI: The merger of state-run energy companies will provide India the muscle to acquire assets abroad and negotiate better, but the business model of the new entity thus created will be key to its success, chairman of the country’s largest oil marketing firm said. Ene

Posted Date : 07-02-17

Volatility in oil prices can be handled well by integrated oil company DK Sarraf Chairman ONGC

NEW DELHI .In an exclusive chat with ET Now, DK Sarraf, Chairman, ONGC, says that size really matters in oil business when asked about Finance Minister's plan of one large oil behemoth. I would say that it is a wonderful policy statement which the honourable FM has made yesterday and he perha

Posted Date : 06-02-17

PSUs may go slow on new projects in FY18

NEW DELHI.The Budget proposals could lead to a further slowdown in capital expenditure by central public sector enterprises (CPSEs), delaying the investment revival in the economy. The Union Budget 2017-18 projected a five per cent decline in resource generation by public enterprises in FY18, inc

Posted Date : 06-02-17

Business environment becoming challenging for steel sector SAIL

NEW DELHI: SAIL today said with the business environment becoming extremely challenging for the steel sector, it has identified five core areas, including optimisation of new assets utilisation, to turn impending challenges into opportunities. "At this crucial juncture f

Posted Date : 06-02-17

AAI dedicates new ATFM centre

New delhi . India has officially launched its Central Command Centre, Air Traffic Flow Management (C-ATM), becoming the seventh country in the world to implement the Air Traffic Flow Control (ATFM) measures. The C-ATFM system will primarily balance capacity against demand to

Posted Date : 06-02-17

SAILs Rourkela unit logs record output

Rourkela Steel Plant (RSP), has logged its best-ever production figures in crude steel and saleable steel in the April-January period of 2016-17. The steel unit produced 2.37 million tonne of crude steel and 2.23 million tonne of saleable steel, registering growth of 5.3% and 14% respectively.&nb

Posted Date : 04-02-17

HAL sets up second Tejas production line

Bengaluru: Hindustan Aeronautics Ltd (HAL) has set up a second line for the series production of Tejas. The new line has come up at Aircraft Division in December 2016, with the facility now being equipped with full-fledged assembly jigs... The second line when fully operation

Posted Date : 04-02-17

Badarpur plant must function in summer to meet high demand

NEW DELHI . Delhi power secretary Varsha Joshi said, "We will have to reopen the Badarpur plant as soon as summer starts. We will need Badarpur power plant until we have the Tughlaqabad sub-station ready. The work has already been awarded and it has to be completed by March 2018."

Posted Date : 04-02-17

Merging oil PSUs to create a goliath bad idea instead privatise HPCL or BPCL

NEW DELHI . Before creating an ‘integrated public sector oil major’ as finance minister Arun Jaitley spoke of on Wednesday, the government would be well advised to look at its downsides. Even globally, the history of M&As succeeding is a poor one, imagine doing this in a PSU envir

Posted Date : 04-02-17

MTNL Borrowing Money To Meet Day to day Requirement Manoj Sinha

NEW DELHI . MTNL has been hit hard by debt and it is borrowing money to meet its day-to-day requirements, Union Minister Manoj Sinha said on Friday. "Mahanagar Telephone Nigam Limited (MTNL) is borrowing money to meet its day-to-day requirement," Sinha said in a wri

Posted Date : 04-02-17

362 women directors appointed at CPSUs in last 3 years Govt

New Delhi: Government on Friday said 362 women directors were appointed at various central public sector undertakings in the last three financial years. There were "1,102, 1,109 and 1,316 appointments of directors/ additional directors" made in CPSUs in 2013-14, 201

Posted Date : 04-02-17

Will not sell BCPL HAL to foreign companies Govt

NEW DELHI .Govt on Friday said it will not sell sick pharma Public Sector Udertakings (PSUs) — Bengal Chemicals and Pharmaceuticals (BCPL) and Hindustan Antibiotics (HAL) — to foreign firms and closure of Indian Drugs and Pharmaceuticals (IDPL) and Rajasthan Drugs & Pharmaceutical

Posted Date : 04-02-17

Investment by Power Min PSUs down 8 point 3 per cent at Rs 62000 cr in 2017 18

New Delhi.The Power Ministry have been budgeted slightly lower by 8.3 per cent at Rs 62,600.37 crore in 2017-18 compared to the budget estimates of this fiscal. The government had estimated an expenditure of Rs 68,256.80 crore by these central public sector undertakings, incl

Posted Date : 03-02-17

Govt to auction 23 new coal mines next financial year Coal secy

New Delhi: Coal Secretary Susheel Kumar today said the government would auction 23 coal mines and allocate two coal mines through government dispensation route in the next financial year 2017-18. He added that the government would also keep aside four coal blocks for commerci

Posted Date : 03-02-17

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PSU in Media

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