PSUs

oil:-p-k-goswami-selected-for-director-post

OIL: P K Goswami selected for Director post

The Public-sector headhunter on Friday selected Pankaj Kumar Goswami for the post of Director (Operations), Oil India Ltd. Presently he is Chief Project Manager, Oil India Ltd. Altogether Eight candidates appeared before the selection board for interview today.

Subject to requisite clearances and ACC approval, Goswami will replace P K Sharma the outgoing Director (Operations) retiring on May 31, 2020.

15 Nov 2019
ongc-q2-net-profit-drops-over-36-per-cent

ONGC Q2 net profit drops over 36 per cent

Public Sector oil company ONGC reported a 36.2% drop in second quarter net profit as it faced double whammy of fall in oil production and drop in prices. Net profit in July-September quarter reported at Rs 5,276 crore that was 36.2 per cent lower than Rs 8,271 crore profit after tax in the corresponding period last year.

Revenue fell to 10.5 per cent to Rs 1.01 lakh crore. Oil production fell 3.9 per cent to 5.8 million tonnes while gas output fell 1.6 per cent to 6.2 billion cubic metres. The company got $60.33 for every barrel of crude oil it produced and sold, down from $73.07 realisation a year back. Gas price realisation, however, was up 20 per cent at $3.69 per million British thermal unit.

15 Nov 2019
oil:-p-k-goswami-selected-for-director-post

OIL: P K Goswami selected for Director post

By IndianMandarins 15 Nov 2019

The Public-sector headhunter on Friday selected Pankaj Kumar Goswami for the post of Director (Operations), Oil India Ltd. Presently he is Chief Project Manager, Oil India Ltd. Altogether Eight candidates appeared before the selection board for interview today.

Subject to requisite clearances and ACC approval, Goswami will replace P K Sharma the outgoing Director (Operations) retiring on May 31, 2020.

ongc-q2-net-profit-drops-over-36-per-cent

ONGC Q2 net profit drops over 36 per cent

By IndianMandarins 15 Nov 2019

Public Sector oil company ONGC reported a 36.2% drop in second quarter net profit as it faced double whammy of fall in oil production and drop in prices. Net profit in July-September quarter reported at Rs 5,276 crore that was 36.2 per cent lower than Rs 8,271 crore profit after tax in the corresponding period last year.

Revenue fell to 10.5 per cent to Rs 1.01 lakh crore. Oil production fell 3.9 per cent to 5.8 million tonnes while gas output fell 1.6 per cent to 6.2 billion cubic metres. The company got $60.33 for every barrel of crude oil it produced and sold, down from $73.07 realisation a year back. Gas price realisation, however, was up 20 per cent at $3.69 per million British thermal unit.

bsnl:-mishra-selected-for-director-post

BSNL: Mishra selected for Director post

By IndianMandarins 14 Nov 2019

The Public-sector headhunter on Thursday selected Sushil Kumar Mishra for the post of Director (Consumer Mobility), Bharat Sanchar Nigam Limited. Presently he is Principal General Manager, BSNL. 

Altogether Six candidates appeared before the selection board for interview today.

hudco-registers-216%-net-profit-touching-all-time-high-of-q2

HUDCO registers 216% net profit touching all-time high of Q2

By IndianMandarins 14 Nov 2019

In the time of economic slump, HUDCO has registered a growth of 216 per cent in net profit touching an all-time high of the Q2 to Rs 725.84 crore in the current financial year compared to Rs 335.68 crore of the first quarter of FY20. The company in its board meeting reported high growth in all financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for Q2 of the current fiscal. Both the Gross NPA and Net NPA are the lowest in the financing sector of the government listed company.

Net Profit is 72 per cent high with Rs 1061.52 crore on a half-yearly basis as on September 30, compared to Rs 615.52 crore in the corresponding period last year. Total Income registered a growth of 113 per cent touching an all-time high of the Q2 to Rs. 2053.79 crore compared to Rs 1816.19 crore of the Q1 FY20. Total Income is 39 per cent high with Rs 3869.98 crore on a half-yearly basis as on September 30, compared to Rs 2793.10 crore in the same period of last financial year.

Balance Sheet size has grown by 55 per cent to Rs 75,000 crore as on September 30 in FY20 from Rs 48,343 crore in the same period of FY19. Net Worth of HUDCO has gone up by 10 per cent to Rs 11980.14 crores as on September 30 FY20 compared to Rs 10,956 crore as on March 31, 2019.

beml:-srivastava-selected-for-director-post

BEML: Srivastava selected for Director post

By IndianMandarins 13 Nov 2019

The Public-sector headhunter on Wednesday selected Ajit Kumar Srivastav (CGM, BEML Limited) for the post of Director (Defence Business), BEML Limited.

Subject to requisite clearances and ACC approval Srivastav will replace R H Muralidhara retiring May next year. 

rec-runs-selfie-contest-to-promote-integrity

REC Runs Selfie Contest to Promote Integrity

By IndianMandarins 13 Nov 2019

REC Ltd, a Navratna NBFC focusing on Power Sector Financing and Development across, ran a selfie contest on social media to observe ‘Vigilance Awareness Week 2019’. The campaign started by REC #RECIntegrityChallenge on Twitter, Facebook and Instagram encouraged contestants to upload selfies of their “Integrity Deed of the Day”. The objective was to promote integrity amongst individuals through the consistent practice of choosing the right act over the convenient. Around 400 people participated in the contest.

Entries were evaluated by an eminent jury and the winner will be awarded a cash prize of Rs 10,000 followed by runner ups and consolation prizes. REC Ltd, formerly Rural Electrification Corporation Limited, provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities.

skill-india-mission:-nbcc-implements-rpl-programme

Skill India Mission: NBCC implements RPL programme

By IndianMandarins 12 Nov 2019

NBCC has implemented Recognition of Prior Learning (RPL) programme throughout the country under the Skill India Mission of the government of India. Over 2000 Workers have been assessed and certified by the Construction Skill Development Council of India (CSDC). Workers for 39 job roles have been assessed through the written test and practical demonstration by NBCC Engineers with the co-ordination of CII. NBCC under this mission has implemented RPL programme at various work sites.

psus-holding-telecom-licences-seek-clarification-on-financial-burden

PSUs holding telecom licences seek clarification on financial burden

By IndianMandarins 10 Nov 2019

In the wake of the Supreme Court’s judgment on adjusted gross revenue (AGR), some of top public-sector companies of India that are holding telecom service licences including GAIL India, Power Grid Corporation, Oil India, Delhi Metro and RailTel seeking clarification from the Department of Telecom (DoT) as they might also face a huge financial burden.

Supreme Court, last month, had ordered all telecom service providers to pay the past licence and spectrum dues in accordance with the annual AGR calculation formula used by the government. The government has set up a committee of secretaries to look into all issues.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.