(Livemint) India’s biggest gas importer Petronet LNG Ltd gave its outgoing chief executive Prabhat Singh a record 27 per cent rise in remuneration in FY20 and has now begun a search for a new CEO on modified terms that made just retired executives of PSUs ineligible. Singh, who completes his five-year term as managing director and CEO next month, took home a record ₹1.8 crore in fiscal 2019-20 (April 2019 to March 2020), according to Petronet’s latest annual report. This included ₹22.5 lakh commission on profit. Petronet, which is registered as a private limited company but is headed by the oil secretary, had paid him…
Author: Aruna Sharma
(LiveMint) The Railway ministry on Friday said tender for manufacturing 44 semi-high speed Vande Bharat train sets have been cancelled. A fresh tender will be floated within a week as per revised public procurement norms, giving preference to local suppliers. “Fresh tender will be floated within a week as per Revised Public Procurement (preference to Make in India) order,” an official statement said. Railway ministry did not specify the reason for cancellation of the tender. The development comes soon after six companies, including CRRC Pioneer Electric submitted bids for semi-high speed Vande Bharat train sets. Of these six companies, CRRC…
(AU) देश में कोरोना वायरस संक्रमण के बढ़ते मामलों में लगातार तीसरे दिन बड़ा उछाल देखने को मिला। शनिवार को 69,877 नए मामले सामने आए, यह अब तक एक दिन में संक्रमित मरीजों की सर्वाधिक संख्या है। वहीं, संक्रमित मरीजों का आंकड़ा 30 लाख के करीब पहुंच गया है। लेकिन अच्छी बात यह है कि संक्रमण से स्वस्थ होने वाले लोगों की संख्या 22 लाख से ज्यादा हो गई है और जांच में रिकॉर्ड तेजी आई है। शनिवार सुबह अद्यतन किए गए आंकड़े के अनुसार, पिछले 24 घंटे में 945 लोगों की मौत होने से मृतकों की संख्या बढ़कर 55,794 हो गई है। देश में संक्रमण के मामले बढ़कर 29,75,701…
(ET) Nine persons who were trapped inside the Srisailam Left Bank Hydel Power Station (SLBHP) of the Srisailam reservoir here in Telangana have lost their lives in the fire accident while three injured employees are getting treatment at the hospital, said Telangana State Power Generation Corporation Limited (TSGENCO) on Friday. The deceased have been identified as TSGENCO Deputy Engineer Srinivas Goud, Assistant Engineers Venkat Rao, Mohan Kumar, Fatima Ujma, plant attendant Rambabu, junior attendant Kiran and Sundar Kumar, and two technicians from Amararaja company Vinesh Kumar and Mahesh Kumar. “They tried to come out from the escape tunnel, but could not do…
(PTI) State-run engineering firm BHEL on Friday said it has bagged its maiden order for battery energy storage systems from TERI. However, the company did not divulge details about the value of the order. “Amidst stiff competitive bidding, BHEL has won its first commercial order for state-of-the-art Battery Energy Storage Systems from The Energy and Resource Institute (TERI),” BHEL said in a statement. The company has signed a contract agreement with TERI for setting up of a cumulative 410 kWh Battery Energy Storage Systems (BESS) in the National Capital Territory (NCT) of Delhi, it added. The tender was issued by TERI on turnkey basis…
(ET) A spate of the novel coronavirus infections aboard western offshore installations has forced ONGC to evacuate crew members from two of the four hired rigs and has forced the state-run explorer to put additional checks to prevent contractors from compromising on the company’s stringent protocols to cut down on costs. Sources said ONGC stopped the operation of ‘Greatship Chitra’ and ordered evacuation after 16 crew members tested positive more than a week ago. ‘Greatship Charu’ was the next to face shutdown, sources added. A large number of cases have also been reported from BHS, Neelam and Bedlam installations.
(ET) The government is likely to increase ethanol price that oil companies pay to sugar mills for buying ethanol extracted from molasses. It aims to encourage mills to divert excess cane and sugar to ethanol production to improve their liquidity and be able to pay cane arrears that rose to Rs 20,000 crore in July. “Ethanol price will be hiked but only after increasing the minimum selling price of sugar. The fair and remunerative price (FRP) of sugarcane has already been increased by Rs 10 a quintal to Rs 285 a quintal,” said a senior food ministry official. The food ministry has proposed to raise minimum selling price of sugar by Rs…
(ET) Indian Oil Corporation Ltd , the country’s top refiner, will restart all units at its 300,000 barrels per day (bpd) Paradip refinery in Odisha by Saturday, a government official said on Thursday. The refinery’s maintenance shutdown has been extended by a few days due to shortage of laborers amid the COVID-19 pandemic. “Out of about 1,400 workers and supervisors mobilized for shutdown jobs from outside, less than 400 are there,” said Sangram Keshari Mohapatra, the top bureaucrat in the district of Jagatsinghpur, where the refinery is located.He said only two of the nine major units that had undergone shutdown have started. “Remaining seven are being started…
(ET) A five-member committee headed by a state land and revenue department commissioner has reportedly found that the National Thermal Power Corporation (NTPC) had acquired land for its Pakri Barwadih coal mining project without providing the market rate of that time to the landowners. Around 8,000 raiyyats, who have lost their agricultural land to the project two years ago, have been regularly protesting against the PSU with support from Barkagaon MLA Amba Prasad. In July, the government formed a committee headed by land and revenue department commissioner (North Chottanagpur) Kamal John Lakra to look into the matter and sought a report latest by August 21. Talking to TOI, Lakra…
(ET) India’s crude oil imports fell in July to their lowest since March 2010 as fuel demand slowed amid renewed coronavirus-induced lockdowns and closures of refinery units for maintenance, government data showed on Thursday. Crude oil imports last month slumped about 36.4 per cent from a year earlier to 12.34 million tonnes, or 2.92 million barrels per day, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed. That marked a fourth straight monthly decline. Fuel demand in the world’s third-biggest oil importer and consumer also fell, posting a fifth consecutive year-on-year drop. The country reported a record daily…