Government of India has divested 9.5 per cent stake of National Thermal Power Corporation (NTPC) through Offer for Sale (OFS) mechanism. After the completion of OFS on February 11, governmentÂ’s equity holding in NTPC has now come down from 84.50 per cent to 75.00 per cent, said the Union Minister of State for Power Jyotiraditya M. Scindia in a written reply in the Rajya Sabha recently.
FlashNews:
Hindalco to be a force for good with engineered solutions transformation: Kumarmangalam Birla
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
Tag: Government of India
Plea to Mizoram govt to make CSC project a success
The Mizoram government has been urged by the officials of thee Common Services Centre (CSC) Project to take necessary initiatives to drive the project successfully as it has been a successful one in other states. CSC project provides high quality and cost-effective video, voice and data content and services, in the areas of e-governance, education, health, telemedicine, entertainment as well as other private services. The CSC –project is a strategic cornerstone of the National e-Governance Plan
Govt to raise Rs 1,000 cr via tax free bonds for airports
The government of India has decided to set up new airports in small cities and Airport Authority of India is all set to issue tax free bonds in this financial year to raise funds up to Rs 1,000 crore. The funds thus raised will be used for the development of low-cost airports. Maturity period of these bonds is going o be ten years. Those who invest in these bonds will also get tax benefits. AAI Chairman VP Agarwal informed that raising Rs 1,000 crore will help to develop the proposed 51 new air
Centre commences work on 6 greenfield airports
The Government of India has granted 'in principle' approval for setting up of 15 greenfield airports across the country out of which, physical work at 6 airports namely, Gulbarga, Hassan, Shimoga in Karnataka, Durgapur in West Bengal, Pakyong in Sikkim and Shirdi in Maharashtra, has already commenced, Union Minister of State for Civil Aviation, KC Venugopal told the Lok Sabha last week. Construction at various airports in the country including Aranmula airport project has not stopped, he added.
EIL aims to achieve higher turnover in 2013-14
Engineers India (EIL) agreed to achieve a higher turnover and gross margin in 2013-14 and give emphasis on human resource and research and development initiatives in a Memorandum of Understanding (MoU) signed with the Government of India recently.
ADB’s $252 mn loan for rural roads in five states
The Government of India and Asian Development Bank (ADB) have signed a $252 million loan to continue improving rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal. The ADB's loan represents the first tranche of a $ 800 million financing facility under the Rural Connectivity Investment Programme.
Restructuring should not be considered anathema
Although banking sector stress may have 'bottomed out', as he puts it, India's infrastructure sector remains vulnerable to risks, both inherent and external. Corporate restructuring should not be thrown out the window as a solution for problems that are extraneous to a project.
C’garh UT admin seeks 3-tier road link to Mohali airport
A three-tier road connectivity to Chandigarh from the upcoming international airport in Mohali has been demanded by UT administration and the matter has been taken up with the high powered inter-state coordination committee constituted by the Government of India. The administration has rued that none of the access options for Chandigarh being considered for the expanded airport compares with the access currently enjoyed by Chandigarh's residents.
Government to pace up NHDP projects
The Government of India has taken several initiatives to expedite highway projects under the National Highway Development Project (NHDP). The initiatives are: NHAI Board has approved formation of a High Level Expert Settlement Advisory Committee for one time settlement of old cases pending in court.
Board of UCO Bank clears Rs 681 cr fund raising plan
In a filing at the Bombay Stock Exchange (BSE), UCO Bank informed that its board cleared a proposal to raise Rs 681 crore by issuing equity shares on preferential basis in favour of Government of India (GoI). Thus, the bank would issue equity shares on preferential basis for an amount aggregating to the tune of Rs 681