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 […]
PFC Infra Finance IFSC Limited to commence operations – Receives approval from IFSCA
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 […]
HAL Granted ‘Maharatna’ Status
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 Signs MoU with Navodaya Vidyalaya for Sustainable Educational Development
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 […]
Niraj Priyadershi Selected as Director (Finance) of CWC
Niraj Priyadershi, currently serving as General Manager at GAIL India Limited, has been selected for the position of Director (Finance) at the Central Warehousing Corporation (CWC). His selection was finalized during a Public Enterprises Selection Board (PESB) meeting held on October 5, 2024, where 12 candidates were interviewed for the role.
PFC Secures largest-ever foreign currency term loan of USD 1.265 billion
PFC, a Maharatna company and leading NBFC in Indian power and infrastructure sector, is proudto announce the successful closing of issuance of largest-ever foreign currency term loan from anIndian PSU amounting to USD 1.265 billion. This landmark transaction was executed through afacility agreement with multiple banks based in IFSC GIFT City, Gandhinagar. The loan will […]
Punya Salila Srivastava appointed as Secretary of Health
Punya Salila Srivastava has been appointed as the new Secretary of Health in the Government of India. She is a 1993 batch IAS officer from the UT cadre. Prior to her current role, she has served in important capacities within the Ministry of Home Affairs, where she contributed to significant policy developments. Her strong administrative […]
MP cadre IAS officer takes on additional role in Road Transport
Pankaj Agrawal, currently serving as Power Secretary, has been given the additional responsibility of Secretary, Ministry of Road Transport and Highways, following the departure of the incumbent Anurag Jain, also an MP cadre IAS officer. Agrawal is a 1992 batch IAS officer from the Madhya Pradesh cadre.
NTPC Mining delivers stellar performance in H1 FY 25
NTPC Mining delivers stellar performance in H1 of FY 2024-25 by producing over 19 Million Metric Tonnes (MMT) of coal registering YoY growth of 20% and has dispatched 19.7 MMT of coal to NTPC’s power stations with a growth of around 16% compared to last financial year. NTPC Coal Mining has consistently exceeded its production […]