New Delhi– Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with BEML Limited, a Schedule ‘A’ Public Sector Undertaking (PSU) under the Ministry of Defence. This partnership aims to enhance collaboration in the financing and development of […]
Alok Verma, the Executive Director at Steel Authority of India Limited (SAIL), has been selected as the Director in-charge of Rourkela Steel Plant (RSP). His appointment was confirmed at the Public Enterprises Selection Board (PESB) meeting held on October 17, 2024. Verma was chosen from a pool of 12 candidates who were interviewed for the […]
Abhishek Ranjan, the Chief Vigilance Officer (CVO) at Garden Reach Shipbuilders & Engineers Limited (GRSE), Kolkata, has been assigned an additional charge as the CVO of Bharat Dynamics Limited (BDL), Hyderabad. This additional responsibility will continue until November 30, 2024. Ranjan is an officer from the 2008 batch of the Indian Ordnance Factories Service (IOFS).
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has received approval from International Financial Services Centres Authority (IFSCA) to commence business as a Finance Company in IFSC GIFT City Gujarat. PIFIL, part of India’s largest non-banking financial company (NBFC) group, will be the first finance company in […]
Amit Kumar, currently the Executive Director (ED) of ONGC, has been selected as the Chairman-cum-Managing Director (CMD) of AI Assets Holding Limited (AIAHL) during a Public Enterprises Selection Board (PESB) meeting on October 14, 2024. AI Assets Holding Ltd. is responsible for managing the non-core assets and liabilities of Air India following its privatization. Kumar […]
Hindustan Aeronautics Limited (HAL), a leading Central Public Sector Enterprise (CPSE) under the Ministry of Defence, has achieved ‘Maharatna’ status, allowing it greater autonomy in strategic and financial decisions.The Finance Ministry approved this esteemed upgrading. In the financial year 2023-24, HAL recorded a turnover of ₹28,162 crore and a net profit of ₹7,595 crore. With […]
NBCC (India) Ltd. has signed a Memorandum of Understanding (MoU) with Navodaya Vidyalaya Samiti to embark on a transformative educational initiative. This partnership aims to construct three new permanent campus facilities in Delhi and implement solar and electric water heating systems in 331 Jawahar Navodaya Vidyalayas across India. The cumulative value of the above works […]
