Category: PSU

NBCC, a leading Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs, will soon be constructing projects in the state of Odisha. The company entered into a Memorandum of Understanding (MoU) with the Department of Social Security & Empowerment of Persons with Disabilities (SSEPD), Government of Odisha on 13.06.2024 for the…

Read More “NBCC signs MoUs in Odisha for projects valuing Rs 155 Crore” »

New Delhi : NBCC (India) Limited on 14.06.2024 has inked a MoU with Grid Controller of India Limited (Grid-India) for execution of interior, fit outs and other associated infrastructure works for their new Corporate Office at Ayurvigyan Nagar, New Delhi. The tentative value of works to be executed under this MoU is approximately Rs 70.00…

Read More “NBCC signs MoU with Grid-India for their corporate office” »

New Delhi : The public-sector head-hunter (PESB) couldn’t find a suitable candidate out of eight people interviewed for the post of CMD in Hindustan Petroleum (HPCL). PESB thus announced the need for a Search-cum-Selection-Committee route or another appropriate means. But the way things unfolded endorsed the apprehensions that the selection-board was constrained to move forward.It…

Read More “Why PESB failed to find a suitable candidate for CMD, HPCL?” »

New Delhi : Chenab Valley Power Project Private Limited (CVPPPL), a Joint Venture of NHPC LTD (51%) and JKSPDC (49%), has signed an agreement with Power Finance Corporation Limited (PFC) for Term Loan of Rs 1869.265 Crore. With this agreement, the Financial Closure for Kiru HEP for Rs 3738.53 crore has been achieved.As per the…

Read More “PFC signs agreement with CVPPPL for Rs 1869 cr term loan” »

The Public Enterprises Selection Board (PESB) has failed to find a suitable candidate for the post of Chairman-cum-Managing Director, Hindustan Copper Limited at a selection meeting held on June 3, 2024. Three candidates turned up for the interviews.

New Delhi : Power Finance Corporation Ltd (PFC) has been honoured with the prestigious CSR award in the NF (Non-Fossil Fuel) business category at the Outlook Planet Sustainability Summit & Awards 2024 held in Goa. Parminder Chopra, Chairman & Managing Director, PFC, received the Award from V Srinivas (IAS: 1989: RJ), Secretary, DARPG, Government of…

Read More “PFC receives ‘CSR Champion Award’ at Outlook Planet Sustainability Summit” »

New Delhi : In a remarkable achievement due to its commitment to excellence and resilience in navigating challenges have propelled NBCC to new heights of financial prowess and market leadership. The Board of Directors in its meeting held on Tuesday i.e., May 28, 2024 approved the Financial Results of the company for the quarter and…

Read More “Unprecedented milestone for NBCC; operational income crosses Rs 10,400 cr” »

New Delhi: Housing and Urban Development Corporation (HUDCO) has announced its financial result for 2023-24 fiscal showcasing growth across all metrics and remarkable performance with highest ever Net Profit of Rs 2116.69 crore. This tells the strong financial position and growth trajectory of HUDCO. HUDCO, a PSU that is involved in housing finance and non-commercial…

Read More “HUDCO’s stellar performance continues; Net profit jumps to Rs 2116.69” »

The ACC has approved the appointment of Satyajit Tripathy, former Chairman-cum-Managing Director, United India Insurance Company Limited, Chennai, to the post of Whole-Time Member (Distribution), Insurance Regulatory and Development Authority of India (IRDAI).

The Government of India is yet to issue orders of Vivek Chandrakant Tongaonkar, Director (Finance) & Chief Financial Officer, Mangalore Refinery & Petrochemicals Limited, for the appointment as Director (Finance), Oil & Natural Gas Corporation Limited (ONGC). The post has been lying vacant.