Tuesday, July 5, 2022
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AUTHOR NAME

Vivek Shukla

Turnaround: BHEL posts Rs 912-cr net profit in Q4, announces dividend

BHEL in Q4 has posted Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income

SJVN bags its first wind-solar hybrid project worth Rs 195 crore from SECI

Synopsis: SJVN Limited has bagged its first-ever 30 MW wind-solar hybrid project worth Rs 195 crore in a tender floated by SECI. The project was bagged @Rs 2.54/unit on a build-own-and-operate (BOO) basis in the tariff-based competitive bidding process

Power crisis: Govt mandates discoms to ensure 24×7 uninterrupted power supply

Synopsis: In the backdrop of a power crisis, the Ministry of Power has amended the Electricity (Rights of Consumers) Rules, 2020 to mandate distribution companies (discoms) to ensure 24x7 uninterrupted power supply to all the consumers in metros and cities with a population of 1,00,000 and above

Power crisis: Govt asks states to import coal for blending, ensure arrival of imports by May

Synopsis: Union Power Minister RK Singh has asked states to place orders for importing of coal for blending purposes so that the additional coal reaches power plants from the month of May itself

Aviation Ministry invites applications for PLI scheme for drones & drone components

The Civil Aviation Ministry on Thursday invited second round of applications for the production-linked incentive (PLI) scheme that was announced last year to boost drone manufacturing in India

India’s solar capacity installations jump by record 210% to 10 GW in 2021: Mercom

Synopsis: In CY 2021, India saw a record 10 GW of new solar capacity installed, a big jump of 210 percent compared to 3.2 GW the year before. The newly installed solar capacity in 2021 reached a record high, making up 62 percent of the total power capacity additions, Mercom Communications India said in a report

Mumbai International Airport raises $750 million from Apollo

Mumbai International Airport has raised $750 Million from Apollo for refinancing of existing debt and for new capital expenditure requirements

Much-awaited LIC IPO to hit market on May 4, close on May 9: Sources

Synopsis: The much-awaited Initial Public Offer (IPO) of Life Insurance Corporation (LIC) is likely to hit the market on May 4, said sources close to the development. The issue is expected to close on May 9 and the anchor book for the LIC IPO is expected to open on May 2

Budget 2022: Govt makes huge cut in PSU disinvestment target for FY23

Synopsis: Faced with difficulties in meeting the budgeted disinvestment targets for FY22, Finance Minister Nirmala Sitharaman has reduced the target of disinvestment receipts for FY23 to Rs 65,000 crore which is even less than the revised estimate of the receipts for the ongoing financial year at Rs 78,000 crore. The target for the FY22 was Rs 1.75 lakh crore earlier, so, clearly, it is a drastic reduction

Union Minister, Secretary, Niti Aayog warned govt against CEL privatisation

Documents accessed by PSU Watch show that a Union Minister, policymakers and bureaucrats within the government had warned the Centre against carrying out the privatisation of CEL

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