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CPSES HAVE RS 2.84 TRILLION CASH
Minister of heavy Industries and Public Enterprises Praful Patel informed Lok Sabha that Central Public Sector Enterprises (CPSEs) have Rs 284,153.22 crore cash and bank balances at present. Further, it is learnt that 17 state-run firms, including, ONGC, OIL and NTPC, committed to invest over Rs 1.63 lakh crore during 2012-13...
Central Public Sector Enterprises, Cpses, Investment, Capital Expenditure, Capex, ONGC, OIL, NTPC
EMPOWERING POWER
Power Finance Corporation Limited (PFC) continues to be a major driver of growth and progress in the country by establishing new benchmarks in various areas of the company’s operation and expanding its business prospects to take full advantage of the emerging opportunities in the power sector....
Infrastructure, Today, Power, Finance, Corporation, New Delhi, Investments, RBI, Non Banking, Reforms, Restructuring, RAPDRP, Cpses, Navratna.
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Government Approves Four Expressways
The government has appr­oved building over 1,000 km of expressways under NHDP, entailing an investment of Rs 16,680 crore. The projects include 400 km long Vadodara-Mumbai, 66 km long Delhi-Meerut,.
 
Industry Divided On Prospects For Box Terminals
Industry watchers are divided on the business prospects of container terminals in Ennore Port. Some argue that there would be enough business for the proposed new container terminal in the port as handling of cargo globally moves towards containers from break bulk. A Bhaskarachar, Chairman, Ennore Port (EPL) said recently that with an increase in the transport of containerised cargo in future, there will be enough business for all..
 
India Depends Less On Iran For Crude Oil
Reports suggest that India's dependence on Iran for oil import has been declining from 13 percent some years ago. India imported 18.11 mn t oil from Iran, which is less than 21.20 mn t imports in 2009-10 and 18.50 mn t in 2010-11. During April-November 2012, the country imported 118.
 
Gross Npas Of State-Run Banks Rise
Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,.
 
Refining Move
The recently announced merger of Reliance Petroleum Ltd (RPL) with its parent company Reliance Industries Ltd (RIL) has caused a stir in the market due to the suddenness of the development. The merger will position RIL as India’s largest company in terms of revenue and earnings. The move definitely has positive implications for the stakeholders in the company. The merger is likely to benefit RIL by way of operational synergies, operating cash flows, and tax benefits. The two refineries coming together with a combined capacity of 1.24 million bpd constitutes the largest refining and petrochemical complex in the world..
 
Tindivanam-Ulundurpet Road Opened To Traffic
The GMR Group has commissioned its national highway project from Tindivanam to Ulundurpet (Tamil Nadu) measuring 73 km on IMH-45 on the Chennai - Dindigul National Highway. .
 
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