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Canara Bank to lift 13 percent stake of subsidiary unit

Canara Bank to lift 13 percent stake of subsidiary unit

The board members of Canara Bank have accorded approval for initiating the process of diluting a part of its stake by listing its subsidiary, Canara Robeco Asset Management Company Ltd (CRAMC), on the stock exchange through an initial public offering (IPO). The CRAMC consists of  Canara Bank’s joint venture with Orix Corporation, Japan, with the bank holding a 51 percent stake. The public sector bank has decided to dilute 13 percent of its stake by listing CRAMC on the stock exchan

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Indian Navy receives Ammunition Cum Torpedo Missile Barge

The Indian Navy has received the delivery of ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 18, part of 11x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta  Projects Pvt Ltd, Thane at Naval Dockyard, Mumbai for NAD(Karanja). The contract for building 11 X ACTCM Barge was signed between MoD and M/s Suryadipta Projects Pvt Ltd, Thane on 05 Mar 21. Induction of these Barges would provide impetus to the operational commitments of IN by facilitating Tran

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Indian Navy receives Ammunition Cum Torpedo Missile Barge
Steel Exchange of India issues allotment of 1 crore equity shares

Steel Exchange of India issues allotment of 1 crore equity shares

The company board has proposed to issue equity shares to M/s. Money Seeds represented by non-promoter groups by way of preferential allotment. According to the exchange filing made by the company, it is stated that under circular Resolution dated 28th March 2024, the company has approved the Allotment of 1,10,00,000 Equity Shares of the Company having a face value of Re.1/- each, at an issue price of Re.16.60/- per Equity Shares (including a premium of Re.15.60 per Equity Shares) for an aggre

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SAIL DSP and EMD signs agreement with Sentra World

New Delhi: As a significant step towards decarbonization in Steel Authority of India Limited, an agreement has been signed by SAIL’s Durgapur Steel Plant & SAIL-EMD with Sentra world aimed to explore the viability of employing Sentra world's digital platform as a tool for managing carbon dioxide emissions. 

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SAIL DSP and EMD signs agreement with Sentra World
EIL and HRRL achieved another critical milestone at Rajasthan Refinery project

EIL and HRRL achieved another critical milestone at Rajasthan Refinery project

Team Engineers India Limited, along with Team HRRL, achieved another critical milestone at the 'Jewel of the Desert', grassroot Rajasthan Refinery project with the Mechanical Completion of the Refinery Cooling Tower & Cooling Water Treatment Plant (CT-01). 

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Coal India organises workshop RTI Act

Coal India Limited organised a one-day workshop on RTI Act with emphasis on role of PIOs & FAAs at its corporate headquarters in Kolkata. Shri B.K. Tripathy, CVO CIL, inaugurated the workshop.

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Coal India organises workshop RTI Act
Bharat Electronics Limited launched new website

Bharat Electronics Limited launched new website

New Delhi: The new website of Bharat Electronics Limited, https://bel-india.in, was launched today (March 28, 2024) by Mr Bhanu Prakash Srivastava, CMD. 

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BHEL awarded for Fair Practices 2023-24

New Delhi: Bharat Heavy Electricals Limited has been awarded the Council for Fair Business Practices' 'CFBP Jamnalal Bajaj Uchit Vyavhaar Puraskar for Fair Practices 2023-24', in the 'Manufacturing Enterprise - Large' category.

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BHEL awarded for Fair Practices 2023-24
ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited

ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited

The company’s official filing is to inform that ERES-XXXIX Power Transmission Limited, has been incorporated as a Wholly Owned Subsidiary of REC Power Development & Consultancy Limited (a Wholly Owned Subsidiary of REC Limited). The said company is also a subsidiary company of REC Limited, in terms of the provisions of Section 2(87) of the Companies Act, 2013. The name of the arm is ERES-XXXIX Power Transmission Limited with Authorized Capital of Rs 5,00,000 and  Paid Capital o

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Adani Green Operationalizes 180 MW Solar Power Plant In Rajasthan

 Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The 180 MW solar plant will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissio

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Adani Green Operationalizes 180 MW Solar Power Plant In Rajasthan

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