GAIL Receives Maharatna Status
5/2/2013 9:00 PM Thursday
Receives ‘Maharatna’ Status
GAIL (India), the country’s largest natural gas company, has received ‘Maharatna’ status. The Certificate of Recognition was presented by Shri Pranab Mukherjee, Honorable President of India to Shri B C Tripathi, Chairman & Managing Director, GAIL (India). The company is the youngest among the seven PSUs to be accorded ‘Maharatna’ status. This is the latest in the series of recognitions received by the company. In the recent past, the company has been recognised as Asia’s Number One Gas Utility and the world’s Number One downstream company apart from winning consistent excellence awards for MoU performance.
Bags Rs 4051 Crore Contract From OPGC
Bharat Heavy Electricals (BHEL) has bagged a Rs 4051 crore contract from the state-controlled Odisha Power Generation Corporation for the supply of equipments and erection of the main plant of 1320 MW capacity expansion pursued by the thermal power producer. The contract involves the supply of boilers, turbines and generators for the main plant at an all inclusive firm price of Rs 3748.94 crore and the erection of the main plant at Rs 302.06 crore. The contract agreement was executed by Venkatachalam Kuppusami, managing director of OPGC and V Venkatakrishnan, General Manager (marketing) of BHEL in the presence of Energy Minister Arun Sahu and J K Mohapatra, Additional Chief Secretary.
In Talks With Shell Over Joint Indian Projects
Shell has been in talks with Indian state-owned Oil and Natural Gas Corporation over potential investment opportunities in India as a part of moves to expand its foothold in the fast-growing energy importing country. The companies are considering a deal to set up a new, world-class refinery complex on India’s west coast and expand their retail fuel business, according to the report.
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