News on companies in public and private sector.
On the occasion of the 10th International Day of Yoga 2024, Airports Authority of India (AAI) officials at RHQ-NER gathered at the Community Hall of RHQ-NER, near Guwahati Airport, and participated in a one-hour Yoga practice session this morning. The event was inaugurated by Gian Batra, officiating RED-NER, who addressed the gathering with a short…
Larsen & Toubro’s (L&T) Power Transmission & Distribution (PT&D) business has recently clinched significant contracts for various power grid system projects and renewable energy (RE) initiatives in India and overseas. The company announced this achievement in a statement released on Wednesday. Highlighting the company’s dominant position in the region’s clean energy sector, L&T secured orders…
Indian Renewable Energy Development Agency Limited (IREDA) has opened an office in GIFT City, Gandhinagar, specialising in offering debt options denominated in foreign currencies. This initiative aims to enable natural hedging and substantially decrease financing costs for Green Hydrogen and Renewable Energy Manufacturing projects, thereby supporting India’s shift towards a more sustainable future. The announcement…
Indian Renewable Energy Development Agency Limited (IREDA) has revealed its audited financial results for the fiscal year 2023-24. IREDA has achieved an annual profit after tax (PAT) of Rs 1252.23 crore which is an all time high. The results mark an impressive growth of 44.83 percent over the previous fiscal year. The company has successfully…
The Ministry of Coal has reported a significant surge in coal production during January 2024, reaching 99.73 million tonnes (MT). This marks a substantial increase from the 90.42 MT produced in the same month last year, representing a growth rate of 10.30%. Coal India Limited (CIL) contributed significantly to this achievement, with its production reaching…
TCIL, a Mini Ratna company, has announced a significant dividend payment of Rs 14.20 crore for the Financial Year 2022-23 to the government. The Chairman & Managing Director of TCIL, Sanjeev Kumar, presented a dividend cheque to the Secretary, Telecom, Shri Neeraj Mittal, marking the company’s commitment to its shareholders and the government. With a…
Tamil Nadu NLC India Ltd, under the Ministry of Coal, has contributed Rs. 4.30 crore to the Tamil Nadu Chief Minister’s Public Relief Fund. This contribution includes Rs. 2.30 crores, equivalent to one day’s salary from NLC India’s employees. The assistance aims to aid the recovery of people affected by the recent flood caused by…
IREDA’s stock experienced a significant 20% surge in a single day, marking an impressive 166% increase from its IPO debut. Following its strong start, the public sector unit’s shares reached the upper circuit, reflecting the prevailing optimistic market sentiment towards PSU stocks. This surge was propelled by the strategic launch of a retail division, focusing…
REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has formally handed over the Special Purpose Vehicle (SPV) designated for the ‘Ramgarh II Transmission Limited’ transmission project to the Power Grid Corporation of India Limited (POWERGRID). The SPV’s core objective is the establishment of a 765/400kV & 2×500 MVA 400/220 kV…
In the fiscal year 2023-24, the Coal Ministry’s unwavering commitment to environmental preservation reached new heights as over 51 lakh saplings were planted, effectively bringing more than 2734 hectares of land under a lush green canopy. This achievement surpassed the initial target of 2400 hectares. Additionally, 372 hectares have been rejuvenated with grass cover, stabilising…
