NTPC Ltd. pays Final Dividend of Rs. 2,473.64 crore for FY 2018-19
For the financial year 2018-19, NTPC Ltd. has paid final dividend of Rs. 2,473.64 crore, being 25% of the paid-up equity share capital of the Company. The RTGS advice for the transfer of Rs. 1,348.23 crore to Government of India, being the share of Government of India in the final dividend, was presented to R.K.Singh, Union Minister of State (Independent Charge) for Power and Ministry of New & Renewable Energy by Gurdeep Singh, CMD, NTPC, in the presence of Shri S.C.Garg, Secretary (Power) from Ministry of Power and Saptarshi Roy, Director (Human Resources), A.K Gupta, Director (Commercial), S.K.Roy, Director (Projects), Prakash Tiwari, Director (Operations) and A.K.Gautam, CFO & ED (Finance) from NTPC Ltd.
WAPCOS signed Mou with Austrian Federal Economic Chamber
Signing of Memorandum of Understanding between WAPCOS, a Government of India Enterprise under Ministry of Jal Shakti, Government of India and Austrian Federal Economic Chamber (WKO), Austria for a strategic partnership for the promotion of Cross Border Cooperation between India and Austria held in WAPCOS Office, New Delhi on 4th September, 2019
Anupam Mishra, Director (Commercial & HRD), WAPCOS and Dr. Robert Luck, Commercial Counsellor, Austrian Embassy, Commercial Section signed the MoU from both the parties. Mr. Pradeep Kumar, Sr. Executive Director (Projects Management) from WAPCOS & Mr. Patrick Sagmeister, Deputy Director General from Advantage Austria, Austrian Federal Economic Chamber were present.
Centre signed a power purchase agreement between the Govt of Arunachal Pradesh and NHPC
In a bid to boost India’s ‘Act East’ policy in the energy sector, the Centre has signed a power purchase agreement between the Government of Arunachal Pradesh and NHPC Limited for supply of power from the 2000 MW Subansiri Lower Hydroelectric Project. North-East India has huge hydro potential and the state governments have a major role in hydro-projects by way of facilitating land acquisition and implementing the resettlement and rehabilitation plans, union minister of power RK Singh said. A review of the power sector in the North East regions was held by Union power minister RK Singh on Tuesday. The review meeting was attended by chief secretaries and principal secretaries of power of North-Eastern States in Guwahati.
CIL Signed MoU in Russia
Anil Kumar Jha, Chairman, CIL exchanged MoUs with Mr. Leonid Gennadievich Petukhov, Director General, The Far Eastern Agency for Attracting Investments and Supporting Exports and Eastern Mining Company (FEMC) of Russian Federation.
The MoU with Far Eastern Mining Company (FEMC), Russia is to form a joint working group in order to explore, identify, source, deliberate, negotiate and consummate mutually beneficial investment opportunities in the mining sector in the Russian Far East. While the MoU with Far East Agency on Attracting Investment & supporting Export – an autonomous non-profit organization in Russia, is to cooperate in their activities for mining coking coal in the Russian Far East and Arctic Region.
HPCL bags ‘Best Navratna’ under Manufacturing Category
HPCL bags ‘Best Navratna’ award in ‘Manufacturing Category’ at Dun & Bradstreet PSU Awards 2019 consecutively for second year in a row. The award ceremony was held on 22nd August, 2019 at New Delhi.The award winners were felicitated by Arvind Ganpat Sawant, Hon’ble Minister of Heavy Industries & Public Enterprise; in the august presence of Subhash Chandra Garg, Secretary, Ministry of Power, and Manish Sinha, Managing Director-India, Dun & Bradstreet. CGM – Co-ordination, Alok Kumar Gupta and CGM- PRCC, Rajeev Goel received the award on behalf of HPCL.
Dun & Bradstreet PSU Awards have been instituted to recognize and felicitate the top performing PSUs in India for business excellence and acknowledge their contribution in socio-economic development of the country. The awards are given across various categories based on multiple performance parameters.
RAIL – SAIL Collaboration: Moving the Nation
When two large organisations collaborate, it makes a far reaching and resounding impact. The case in point is the collaboration between the Indian Railways and Steel Authority of India Limited (SAIL) for more than six decades. While the Railways is the heart of transport infrastructure of our Country, SAIL is the most trusted and longstanding supplier of rails and forged wheels to the Indian Railways. They complement each other. Both the behemoths have created strong synergy and have all along played vital roles in the development and progress of our Country. While SAIL’s Bhilai Steel Plant (BSP) produces world class rails that crisscross the Country, its Durgapur Steel Plant (DSP) is the only forged wheel producer in India for passenger coaches, wagons and locomotives. Together RAIL and SAIL make a formidable combination, which touch the life of every citizen of the Country.
To cater to the changing requirements of the Indian Railways, SAIL has continuously developed its products to meet and in some cases even go beyond the exacting standards. In rails, it has steadily rolled out the required volume, quality and length of rails (which has gradually increased from 13 meter to 260 meter), year after year. In wheels, SAIL has supplied more than 1.8 million numbers of wheels of various dimensions ranging from 720 mm to 1100 mm of diameter to the Indian Railways in last six decades.