Category: PSU BUZZ

Ajit Kumar Panda assumes charge as CMD of CONCOR

Container Corporation of India Limited (CONCOR), India’s premier multimodal logistics and container transport company, has officially welcomed Ajit Kumar Panda as its new Chairman and Managing Director (CMD) with effect from August 1, 2026. A distinguished Indian Railway Service of Mechanical Engineers (IRSME) officer, Panda takes over the leadership after serving as Director (Projects & […]

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Vice Admiral AN Pramod, AVSM, YSM, assumed charge as the Deputy Chief of Naval Staff

Vice Admiral AN Pramod, AVSM, YSM, assumed charge as the Deputy Chief of Naval Staff on 01 Aug 2026. An alumnus of the 38th Integrated Cadet Course, Naval Academy, Goa, Vice Admiral AN Pramod was commissioned into the Indian Navy on 01 Jul 1990. The Flag Officer is a CAT ‘A’ Sea King Air Operations […]

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RECPDCL hands over Ryapte Power Transmission Limited, a SPV of Inter State Transmission Project, to M/s The Tata Power Company Limited

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Ryapte Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s The Tata Power Company Limited, on 30 July 2026. M/s The Tata Power Company Limited emerged […]

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REC and PFC sign Rs. 26,850 Crore common loan agreement with MUNPL for 2,400 MW Meja Thermal Power Project Stage-II

New Delhi, July 30, 2026: REC Limited and PFC Limited, Maharatna CPSEs under the Ministry of Power and leading Infrastructure Financing NBFCs, have signed Common Loan Agreement with Meja Urja Nigam Private Limited (MUNPL), a 50:50 Joint Venture between NTPC Limited & Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for total loan amount of […]

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RECPDCL hands over Bhadla Ramgarh Power Transmission limited to Power Grid Corporation of India Limited and Shongtong Power Transmission Limited to Terralight Solar Energy Tinwari Private Limited

New Delhi, 30 July 2026: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over two project-specific Special Purpose Vehicles (SPVs) for inter-state transmission projects to the respective successful bidders on 29 July 2026. The SPVs handed over were Bhadla Ramgarh […]

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Financial discipline and operational foresight drive SAIL’s Q1 FY27 profit surge

New Delhi, 29th July, 2026: SAIL’s Q1 FY27 performance is not just about a sharp rise in profits year-on-year, it is about how financial acumen and operational foresight came together to deliver results. Commenting on SAIL’s performance in the first quarter of FY27, Chairman & Managing Director, Dr. Ashok Kumar Panda said, “This performance reflects […]

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NHAI successfully defends major Arbitration Case to Safeguard Public Funds in National Highway Projects

Achieving a significant legal and financial milestone, NHAI has secured a favorable outcome in the arbitration proceedings pertaining to Bareilly Highways Project Limited (BHPL), a concessionaire promoted by M/s Era Infra Engineering Limited for 151 km long Bareilly – Sitapur BOT (Toll) project in Uttar Pradesh which was terminated by NHAI in May 2019. The […]

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SAIL declares financial results for Q1 FY27, posts strong profit

Steel Authority of India Limited (SAIL) has declared its financial results today on 24th July, 2026 for the quarter ending 30th June, 2026. Performance of Q1FY27 at a glance: Particulars Unit Q1 25-26 Q4 25-26 Q1 26-27 Crude steel production Million Tonnes 4.85 5.08 4.76 Sales volume Million Tonnes 4.55 5.32 4.16 Revenue from operations Rs. Crore […]

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NTPC announces Robust Financial Performance in Q1 FY27: Standalone PAT Up by 12%, Group PAT Up 13%

New Delhi, 24 th July 2026: NTPC Ltd., India’s largest integrated power utility, has announced its unaudited financial results for the first quarter ended 30.06.2026, reporting a strong all-round performance driven by operational gains and continuing growth. On a standalone basis, NTPC reported a total income of Rs. 44,512 crore for Q1 FY27, registering a […]

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