(Steel Guru) SAIL Bhilai Steel Plant has recorded a remarkable growth of 42% in production of prime 260 metre long rail panels in 2019-20 over 2018-19. Cumulative production of UTS 90 prime rails from the new state-of-the-art Universal Rail Mill in 2019-20 has been 5.38 lakh tonnes, clocking a whopping 46% growth over production of 3.69 lakh tonnes by URM in 2018-19. Cumulative production of UTS 90 prime rails from Rail & Structural Mill in 2019-20 has been 7.47 lakh tonnes, registering an astounding growth of 21% over production of 6.16 lakh tonnes by RSM over CPLY. SAIL- Bhilai Steel…
Author: Aruna Sharma
(PTI) PSU oil firms are delivering an average over 60 lakh LPG cylinders daily to consumers during the nationwide lockdown to feed household cooking needs, Petroleum Minister Dharmendra Pradhan said on Friday as he pushed companies to prepare to deliver three free cylinders to over 8 crore Ujjwala beneficiaries. Pradhan interacted with dozens of district nodal officers of Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) over video-conferencing to access the distribution of LPG cylinders in districts following the coronavirus outbreak and the subsequent 21-day nationwide lockdown, an official statement said here. The district nodal officers (DNOs) of oil marketing companies are…
(ET) State-owned NMDC Limited the country’s largest mining company, has said it will contribute Rs 150 crore to the PM Cares Fund to help in the fight against COVID-19. This was announced in a tweet by N Baijendra Kumar, chairman, NMDC. NMDC has already rolled out various preventive measures at its headquarters, plants and offices to protect the employees and their families against the spread of COVID-19. The company, which has operations in the remote parts of India, has also has also implemented steps to fight the COVID-19 at the villages and hamlets adjacent to its facilities and townships. Commenting on…
(FE) After offering a relief package to the poor and the vulnerable, the government is gearing up for the next round of economic measures that will likely focus on the needs of specific sectors — including MSMEs, exports, tourism, civil aviation and animal husbandry — that have been battered by the Covid-19 outbreak. Sources told FE that some of the proposals being considered are interest subsidy on loans to MSMEs and collateral-free advances to eligible small businesses with a good repayment history. The government might also impress upon the central bank to consider extending beyond December 2020 a loan restructuring…
(ET) All bank branches across the country will be operational from Monday following a advisory from the government as pressure on bank branches is likely to mount due to salary and pension payment. The department of financial services (DFS) told banks to keep all banking channels open and ensure branches and business correspondents function throughout the lockdown period, so that people do not face any hassle in their financial transactions. DFS advisory will also aimed that servicing rural customers who are likely to be benefited under the government’s Rs 1.7 lakh crore financial assistance package amid coronavirus-led business disruptions. Branches…
(ET) About 1,000 MW of solar projects in Haryana are unable to transmit electricity because distribution firms are not giving them the required connectivity, a grouping of solar power developers said.The Distributed Solar Power Association, a body of solar rooftop developers, it’s likely to soon file a petition before the Haryana Electricity Regulatory Commission protesting the power discoms’ reluctance. All these are ‘open access’ projects, where developers supply power directly to their customers without routing it via a discom. But they need the consent of the area’s discom to do so.Though open access transmission is being encouraged by states, in practice,…
(The Pioneer) Union Minister Dharmendra Pradhan on Sunday contributed his one month’s salary and a sum of Rs 1 crore from his MPLAD fund to the Prime Minister’s Relief Fund (PMRF) for combating the COVID-19 pandemic. Pradhan in a tweet informed about this and mentioned, “In these difficult times, we should stand with the needy. In view of the coronavirus outbreak, I contribute my one month’s salary and Rs one crore MPLAD fund to the PMRF).” “I hope that this will be helpful in putting a smile on the faces of the deprived people,” he added.
(ET) Power plants have been exempted from advance coal and freight payments for three months, which will prevent supply disruption during the lockdown and give a major relief to generating firms, particularly in the private sector. A senior ministry official said the short-term dispensation was requested by private power companies that constitute 35% of Indian electricity generation base as they cited cash crunch due to non-payment by discoms. State and central generating companies including NTPC also face the problems but the power ministry on Friday directed them to supply electricity to even defaulting state electricity distribution companies through a three- month…
(LiveMint) Minister of Petroleum and Natural Gas Dharmendra Pradhan after his discussions with Saudi Minister of Energy, Prince Abdulaziz bin Salman, on global oil market developments said that Saudi Arabia has assured India of uninterrupted supply of LPG. “Had a video conference with HRH Prince Abdulaziz, Saudi Minister of Energy and Mr Amin Nasser, President and CEO @Saudi_Aramco. We discussed about the global oil market developments and on uninterrupted LPG supplies from Saudi Arabia to India,” Pradhan tweeted.”HRH Prince Abdulaziz assured of LPG supplies in the coming days to support our domestic requirement,” Pradhan added. While there has been a slump…
(FE) The Centre will disburse April-July installment of Rs 2,000 each to about 9 crore farmers under its flagship PM-Kisan scheme immediately, front-loading release of the money which was otherwise to be transferred by mid-April latest. Under the scheme, launched in February 2019, each beneficiary farmer is entitled to get Rs 6,000 every year in three equal installments as direct income support. The Centre has so far transferred a total of Rs 53,180 crore into the bank accounts of 8.8 crore, 7.8 crore, 6.5 crore and 3.4 crore farmers (not mutually exclusive sets) as first, second, third and fourth installments…