MOIL, the largest producer of manganese ore in India, achieved a record production of 4.02 lakh tonnes in the fourth quarter of FY 2022-23, marking a 7% growth compared to the same period last year. This production level represents the second-highest ever recorded since the company’s inception. Sales of manganese ore during the year, was…
Boosting its renewable initiatives, the Government has made significant moves to support offshore wind energy projects and green hydrogen/green ammonia initiatives. The waiver of Inter-State Transmission Charges (ISTS) has been extended to promote the expansion of these projects and encourage renewable energy uptake from Energy Storage System Projects. According to the Ministry of Power, off-shore…
The Union Cabinet has given its go ahead on the program: “City Investments to Innovate, Integrate and Sustain 2.0 (CITIIS 2.0)” which is a four-year initiative from 2023 to 2027. It’s developed by the Ministry of Housing and Urban Affairs (MoHUA) jointly with the French Development Agency (AFD), the European Union (EU), the National Institute…
Ambuja Cements, a leading cement and building material company of the Adani Group, has unveiled the results of a recent Social Return on Investment (SROI) study, showcasing the significant impact of its CSR initiatives in Farakka, West Bengal. Conducted by the Centre of Excellence for Sustainable Development (CESD) in New Delhi, the study analyzed the…
Oil India Limited (OIL) has announced its financial results for the fiscal year 2022-23, achieving a significant milestone with its highest-ever net profit since the company’s inception. The company reported a net profit of Rs. 6,810.40 crore, representing a remarkable surge of 75.20% year-on-year. This exceptional performance is attributed to increased operating income and robust…
The 44th ISO COPOLCO Plenary, a four-day event held from May 23-26, 2023, concluded in New Delhi, hosted by the Bureau of Indian Standards (BIS). The plenary saw enthusiastic engagement and successful multilateral participation from various stakeholders. Nidhi Khare, IAS, Additional Secretary of the Ministry of Consumer Affairs, Food & Public Distribution, delivered the keynote…
In a notable achievement, Aadhaar holders conducted a staggering 1.96 billion authentication transactions in April 2023. This figure represents a significant 19.3% surge compared to the same month in the previous fiscal year, highlighting the remarkable growth of India’s digital economy and the widespread adoption of Aadhaar. Fingerprint-based authentication accounted for the majority of these…
The domestic airline industry in India has witnessed an exceptional surge in passenger numbers, reaching a new milestone of 503.92 lakhs. This achievement reflects a remarkable annual growth rate of 42.85% compared to the same period last year, when the passenger count stood at 352.75 lakhs. The substantial increase in passenger carriage highlights the resilience…
POWERGRID, a ‘Maharatna’ Company under the Ministry of Power, Government of India, has reported a significant increase in its profit after tax (PAT) and total income for the fiscal year 2023. The company’s PAT reached ₹15,417 crore, marking an 11% year-on-year growth, while its total income rose by 9% to ₹46,606 crore (excluding exceptional items)…
Announcing that the country’s first elevated 8-lane access control Dwarka Expressway, consisting of a 34-meter wide road constructed on a single pillar, having 18.9 km length accross Haryana and 10.1 km in Delhi, is set to be completed by April 2024, the Union Minister for Road Transport and Highways, Nitin Gadkari informed the total 29.6…
