Category: PSU

By NSB.News On November 19, 2024, REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, officially handed over the project-specific Special Purpose Vehicle (SPV) of the HVDC Transmission Project under the Tariff-Based Competitive Bidding (TBCB) route, namely Khavda V-A Power Transmission Limited, to Power Grid Corporation of India Limited (PGCIL)…

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By NSB.News Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, has successfully acquired four Project Special Purpose Vehicles (SPVs) aimed at facilitating the transmission of renewable energy across India. These SPVs, which were acquired through Tariff Based Competitive Bidding (TBCB), will play a crucial role in the development…

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By NSB.News In a meeting held on Wednesday, November 13, 2024, the Board of Directors of NBCC (India) Ltd. approved the company’s financial results for the quarter and half-year ending September 30, 2024. The company reported a significant year-on-year (YoY) growth in its performance, with a Profit Before Tax (PBT) of Rs. 272.27 crore on…

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Hindustan Aeronautics Limited (HAL) has officially been awarded Maharatna Central Public Sector Enterprise (CPSE) status by the Department of Public Enterprises, as announced on October 12, 2024, via a post on X (formerly Twitter). This prestigious upgrade comes with the approval of Union Finance Minister Nirmala Sitharaman, following recommendations from two high-level committees: the Inter-Ministerial…

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By NSB.NewsHindustan Steelworks Construction Limited (HSCL), a subsidiary of NBCC (India) Limited, has been awarded a significant project for the campus development of Gondwana University in Gadchiroli, Maharashtra, valued at Rs 1000 Crore. This initiative aims to create a modern educational and administrative framework, positioning the university as a center for advanced learning and innovation….

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By NSB.NewsNBCC (India) Ltd. has signed a Memorandum of Understanding (MoU) with the Navodaya Vidyalaya Samiti to launch a transformative educational initiative. This partnership focuses on constructing three new permanent campus facilities in Delhi and implementing solar and electric water heating systems in 331 Jawahar Navodaya Vidyalayas across the country, with a total project value…

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NBCC (India) Ltd. has been awarded the contract to construct an Integrated Sports Complex in Dhamnagar, Bhadrak, by the Sports & Youth Services Department of the Government. Valued at approximately ₹50 crore, this project underscores the government’s commitment to enhancing sports infrastructure and promoting athletic excellence in the region. The state-of-the-art complex will feature a…

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By NSB.NewsSanjay Kumar Jha, currently the General Manager of Mahanadi Coalfields Limited (MCL), has been selected for the position of Director (Technical) at MCL. This decision was made during a meeting of the Public Enterprises Selection Board (PESB) on October 8, 2024.

By NSB.NewsThe Public Enterprise Selection Board (PESB) has appointed Rajiv Ashok as the new Managing Director of the National Handloom Development Corporation Limited (NHDC), a Schedule ‘B’ Central Public Sector Undertaking. Ashok was selected from a pool of five candidates interviewed for the position. Currently serving as the Managing Director of the North Eastern Regional…

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NBCC (India) Limited has been appointed to spearhead the SIDBI Vashi Redevelopment Project, with a total estimated cost of ₹142 crore. The scope of work includes the demolition of existing structures, securing various No Objection Certificates (NOCs), and obtaining necessary approvals from local authorities. Key responsibilities of NBCC will also encompass: Conducting pre-construction activities, including…

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