The Board of Directors of Larsen & Toubro (L&T) recently approved the elevation of SN Subrahmanyan as a Whole-time Director, with effect from 1 July.
Tag: India
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State oil cos post record losses
Bharat Petroleum and Hindustan Petroleum will lose a whopping Rs 177,562 crore on selling fuel at government-controlled rates this fiscal, 68 per cent more than what they lost in high-cost 2008-09.
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IECC order book swells
IL&FS Engineering and Construction Company (IECC), earlier Maytas Infra, expects its order book to touch Rs 10,000 crore by this fiscal end and plans to grow in hydro power.
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Govt proposes PPPP model
To allay citizens' fears about public private partnerships (PPP) in services like water supply and healthcare, the government plans to add another P to the PPP framework, People.
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Power Min to issue norms for ailing utilities
The Ministry of Power is working on a set of guidelines to help state electricity boards (SEBs) cut their losses, estimated at a cumulative Rs 68,000 crore.
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Jaitapur to get regulator
The government has decided to go ahead with the Jaitapur nuclear project and introduce a bill to set up an independent regulator.
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Gujarat to buy from PLG
Mumbai-based PLG Power has signed a PPA with Gujarat Urja Vikas Nigam for 40 MW of solar power.
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RIL finds gas, condensate
Reliance Industries (RIL) announced a gas and condensate discovery in the deepwater Cauvery-Palar basin.
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Decline in PMT output
Gas output from the Panna-Mukta and Tapti (PMT) fields has declined by around 30 per cent, putting more pressure on supplies after a fall in Reliance’s production from the D-6 field.
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DMRCL award for BEML
BEML has received an order for Rs 925 crore from the Delhi Metro Rail Corporation Ltd (DMRCL) for the supply of 136 intermediate metro cars.