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Government issued Borrowing plan for first half of FY 2024-25

Government issued Borrowing plan for first half of FY 2024-25

Out of Gross Market borrowing of ?14.13 lakh crore projected for FY 2024-25 in the Union budget, ?7.50 lakh crore (53.08%) is planned to be borrowed in the first half (H1) through dated securities, including ?12,000 crore through issuance of Sovereign Green Bonds (SGrBs). It has been decided to introduce a new dated security of 15-year tenor based on global market practice. The Government will continue to reserve the right to exercise the greenshoe option to retain an additiona

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LIC receives Demand Notice of GST worth Rs 178 crore

The Life Insurance Corporation of India (LIC) has reported that tax authorities have issued a demand notice amounting to approximately Rs 178 crore for underpayment of Goods and Services Tax (GST) over two financial years. As per the company’s exchange filing report, the company received a communication or demand order for interest and penalty from the Additional Commissioner of Central GST & Central Excise in Jamshedpur.  This demand notice is specifically related to th

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LIC receives Demand Notice of GST worth Rs 178 crore
NBCC Ltd. sells commercial space in 25th e-auction at WTC, Delhi

NBCC Ltd. sells commercial space in 25th e-auction at WTC, Delhi

According to the official statement released by the company, under the 25th e-auction for commercial space at the World Trade Center (WTC) in Nauroji Nagar here, NBCC achieved the highest sale realization to date with the sale of 4.8 lakh square feet of commercial space for ?1,905 crore. Out of the total area sold, around 4.38 lakh square feet having an approximate sale value of  ?1,740 crore or equivalent have been sold to public sector undertaking entities. The total number of suc

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REC Ltd. Board approves borrowing limit of Rs 1.6 lakh crore

 The Board members of the State-owned REC Ltd on Wednesday approved an overall borrowing limit of Rs 1,60,000 crore for 2024-25. The board members after the meeting have approved a borrowing limit of Rs 1.6 lakh crore, including Rs 1,45,000 bonds and term loans, Rs 5000 crore of short-term loans along with Rs 10,000 crore of commercial papers as per REC  filing on exchange. Funds under the proposed borrowing program for 2024-25 shall be raised for different maturities, thr

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REC Ltd. Board approves borrowing limit of Rs 1.6 lakh crore
BHEL received order from Adani Power Limited

BHEL received order from Adani Power Limited

 The order has been received for the Supply of equipment (Boiler, Turbine, Generator) and supervision of Erection & Commissioning for a 2x800 MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh. The boiler and Turbine Generator are to be manufactured at BHEL’s Trichy and Haridwar plants respectively.  The order has been categorized under the Domestic entity. While, the order has been made to supply equipment like Boiler, Turbine, Generator,

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NHPC Ltd. to raise funds through issuance of Bonds worth Rs 6100 cr

 According to the exchange filing made by the company,  it is to inform that the Board of Directors of NHPC Limited in its meeting held on Wednesday, 27th March 2024  had formally considered and approved the proposal for raising Debt to Rs.6,100 crore during financial year 2024-25 through issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans/External

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NHPC Ltd. to raise funds through issuance of Bonds worth Rs 6100 cr
grse bags governance now psu awards in ‘communication outreach’ for five years in a row: also bags awards in nation building & reskilling of employees categories

grse bags governance now psu awards in ‘communication outreach’ for five years in a row: also bags awards in nation building & reskilling of employees categories

Kolkata:  Garden Reach Shipbuilders and Engineers Ltd. (GRSE), has bagged Awards in Communication Outreach, Reskilling of Employees (Training & Development) and Nation Building categories at the 10th Governance Now PSU Awards. CGM (Corporate Planning & Corporate Communication), GRSE, Cdr Bhaskar Sengupta, received the awards on behalf of GRSE presented by Smt. Nirmal Kaur, IPS, Former DGP, Jharkhand and Padma Shree Dr Sanjeev Bagai, Chairman, Nephron Clinic at an award function in N

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PFC CMD Parminder Chopra inaugurated the Arogya Kendra

Smt. Parminder Chopra, CMD, PFC, inaugurated the Arogya Kendra (Wellness Centre) - a new facility designed to cater to emergency needs and first aid. This new facility, inaugurated in the presence of Shri Rajiv Ranjan Jha, Director (Projects), and Shri Manoj Sharma, Director (Commercial), is a significant step towards ensuring the health and well-being of our employees and promoting a healthier workplace.  

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PFC CMD Parminder Chopra inaugurated the Arogya Kendra
NCL CMD visit Krishnashila Area; discussed action plan

NCL CMD visit Krishnashila Area; discussed action plan

CMD, NCL Shri B. Sairam visited the Krishnashila Area on Wednesday. He reviewed the current mining operation of Krishnashila Area in depth and discussed the future expansion plan of the project at a length.    He also inspected the green coal evacuation projects vis-a-vis newly constructed CHP and BPC (Belt Pipe Conveyor).

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INS Dega marked another milestone with early completion of its main runway resurfacing project

INS Dega, a cornerstone in the aviation landscape of Visakhapatnam since 1999, has marked another milestone with the early completion of its main runway resurfacing project. The project, initiated in response to the burgeoning demand for aviation services in the fast-growing metropolis, aims to enhance the efficiency and safety of the airfield, catering to both domestic and international flights. The runway, extending 10,000 feet to accommodate wide-bodied aircraft, was originally inaugurated on

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INS Dega marked another milestone with early completion of its main runway resurfacing project

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