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  • Petronet LNG scoops ‘National Award for Excellence in Talent Management 2013'

    Petronet LNG Limited has been bestowed with the prestigious Delhi Management Association-Thomas Assessments ‘National Award for Excellence in Talent Management 2013' for excellence in the field of “Competency Based Talent Assessment & Development. Company press release said that this Award validates Company’s efforts to create a world-class people centric organization. Human resource focus has been central to Company’s strategy and the awards such as these inspire them to take their HR practice to the next level.

  • Indian Oil Corporation (IOC)
    Develops Technology For Co-Processing Non-Edible Oils

    Indian Oil Corporation (IOC) has successfully developed and commercialised a technology to co-process non-edible vegetable oils in the existing diesel hydrotreating (DHDT) units of a petroleum refinery to make bio-diesel. According to the company, this is probably the first time in the world when Jatropha oil has been used for co-processing in a petroleum refinery. The technology has been developed by the research and development centre of IOC located at Faridabad. During the development of this process technology, IOC also developed a process for de-metallisation and de-gumming of vegetable oils.

  • GAIL picks up ‘Company of the Year’ award

    GAIL (India) Limited has received Oil & Gas Pipeline Transportation Company of the year, besides Project Management (Rs 500 crore to Rs 2,000 crore category) of the year and the Environmental Sustainability of the year category. Mr. B C. Tripathi, CMD GAIL, along with Director (Projects), Director (Marketing), Director (Marketing), Executive Director (Projects), Executive Director (O&M), GM (CP) received these prestigious awards from Dr. M Veerappa Moily, Hon’ble Union Minister for Petroleum and Natural Gas in the presence of Shri Vivek Rae, Secretary, Ministry of Petroleum and Natural Gas and other champions of the industry during the Petroleum Federation of India (PetroFed) Oil & Gas Industry Awards 2012 held here.

  • NTPC is the only PSU amongst best Companies to Work for in India

    NTPC has been ranked first amongst PSUs, 1st amongst large organizations (over 10000 employees) and 1st in energy and oil and gas industry sector amongst India’s Best Companies to Work For- 2013 by The Great Place to Work Institute. Shri U. P. Pani Director (HR) and Shri G.J. Deshpande, Regional Executive Director, NTPC received the award at a ceremony held in Mumbai. Shri Ashok Swarup , AGM(HR) and Ms. Smita Menon, Manager (HR) were with them on the occasion.

  • Powergrid to execute RGGVY in UP districts

    The implementation of rural electrification projects under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) for Siddarthanagar, Deoria and Pratapgarh districts of Uttar Pradesh have been entrusted toPowergrid Corporation of India Ltd. (PGCIL). The project costs for these districts are Rs. 5600.79 lakhs, Rs. 7154.18 lakhs & Rs. 11655.45 lakhs respectively. The projects shall be executed within two years from the date of award of the projects by PGCIL. A letter to this effect was handed over by Rajeev Sharma, CMD REC to R.N. Nayak, CMD PGCIL in the presence of Jagdambika Pal, MP, Rajkumari Ratna Singh, MP and other senior officers of REC and PGCIL.

  • SAIL steel production up by 6% in Q1

    Steel Authority of India Limited (SAIL) has achieved the highest ever Q1 production of saleable steel at 3.2 million tonnes (MT), up by 6% over corresponding period last year (CPLY). In the first quarter of FY 14, SAIL has registered impressive growth in various production and techno-economic parameters. Production of value added steel touched the best ever Q1 mark, at 1.28 MT, a y-o-y growth of 4%. Efficiency of production also got a boost with specific energy consumption at 6.57 gcal/tcs, lower by 1% than CPLY, and BF productivity of 1.57 t/Cum/day, better by 2%. As for the month of June 2013, saleable steel production of 1.08 MT was higher by 7% compared to same month last year.

Public Sector Unit News

December
26

IOC, BPCL target GAIL to become energy giant

Pursuant to government's vision of creating energy conglomerates to compete with global oil majors, BPCL and IOC have individually opted for a merger with GAIL (India). While GAIL is keen on merging with ONGC for better synergies.

December
23

Jindal Steel and Power bids for rail order

Jindal Steel and Power (JSPL) among the other international bidders is competing for rail orders to supply 487,000 tonnes of steel to Indian railways to replace ageing tracks and to improve efficiency.

December
14

RBI penalizes Indusland Bank and imposes restrictions on Corporation Bank

The Reserve Bank of India has imposed a penalty of Rs. 3 crore on IndusInd Bank, while it has put restrictions on Corporation Bank due to high NPAs.

 

December
7

GAIL spikes up 4 per cent

The stocks of GAIL India spurt in action on Thursday. The stock was the top gainer on the Nifty50 index trading higher by more than 4 per cent.


December
5

Bank of Maharashtra opts for QIP to raise capital

Bank of Maharashtra with the approval from its board of directors has decided to go for Qualified Institutional Placement (QIP). Through QIP, the bank is planning to raise Rs 300 crore.

December
1

LIC offloads 2 per cent stake in Bank of Baroda

The Life Insurance Corporation of India (LIC) has relinquished about 2 per cent stake in Bank of Baroda (BoB) in the open market during the past two months.

November
21

EV Market : Will it be lucrative for investors?

The PV segment is witnessing oil use vehicles being adapted to electric vehicles (EVs). This is in conformity with the government’s vision of 60 lakh electric and hybrid vehicles by 2020. 

November
20

GST illuminates logistic earnings

The sector is reaping benefits of GST regime now, as we can observe from the earnings. GST implementation has changed the industry aspects and tax structure which aided the overall growth of the companies.

PSU Results

Power Finance Corporation Posts Good Set Of Q4 Numbers

Power Finance Corporation Posts Good Set Of Q4 Numbers

Power Finance Corporation (PFC) recorded a net profit growth of 9% on yearly basis to Rs 1411 crore as against Rs 1294 crore achieved last year. The overall performance of the company in FY’14 was a commendable one as both the topline and NII showed an amplified growth.

Despite Lower Volumes GAIL Clocks 57% Rise In PAT

Bleak scenario in the gas transmission continued during the fourth quarter as well in the country and this directly impacted India’s biggest gas transmission company GAIL’s business. Company’s performance on physical parameters was down but it was the price advantage that has saved the face.

State Bank Of India Post Better Than Expected Numbers

State Bank Of India Post Better Than Expected Numbers

India's largest bank, State Bank Of India posted better than expected number for the quarter January-March 2014. Net Profits drop by 7.8% yoy basis but asset quality witnessed a marked improvement. 

UCO Bank Q4 Net Profit Jumps By 475% YoY

UCO Bank Q4 Net Profit Jumps By 475% YoY

Kolkata based UCO Bank posted good set of numbers in Q4FY14. Its net profit jumped by 475% on yearly basis to Rs 285 crore. This asset quality of the bank saw good improvement on sequential basis too.

PNB Q4 Numbers A Let Down, Net Profit Dips By 29% YoY

PNB Q4 Numbers A Let Down, Net Profit Dips By 29% YoY

Accounting to a significant increase in the provisioning for bad loans, state run Punjab National Bank reported a 29% decline in its net profit to Rs 806.35 crore for Q4FY14. However, net interest income of the bank grew by 6% to Rs 4001.8 crore during the quarter.

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