PSU NEWS

sail-achieves-highest-ever-august-sales

SAIL achieves highest ever August Sales

New Delhi, 3rd September 2020: Steel Authority of India Limited (SAIL) posted its best-ever August sales performance during August 2020 at 14.34 Lakh Tonnes. Post the COVID-19 related lockdown, the Company has been witnessing an impressive sales performance which started in June’20. The sales in August have grown significantly by 35% over 10.60 lakh tonnes achieved in August 2019. SAIL’s domestic sales and exports have been at 12.40 Lakh Tonnes and 1.94 Lakh Tonnes registering a growth of 23% and 250% respectively. The growth in sales coupled with the improvement in realizations resulted in the cash collections going up for SAIL which has helped the Company in further reducing its borrowings.

Commenting on sales growth, Chairman, SAIL, Anil Kumar Chaudhary said, “Post the COVID-19 Pandemic, we had resolved to come back strong. The current sales figures are a testimony to the sustained efforts by the SAIL Collective. We were quite positive about the demand picking up as soon as the economy would return to normal. Despite the early setback, after opening up, the market has also been echoing positive sentiments and a lot of meticulous planning went into leveraging these sentiments.” Adding further he said, “The Company is totally committed to its role in contributing towards India’s growth story as well as building the ‘Atmanirbhar Bharat’. The Company has been catering to the domestic requirements of the Nation and has also gainfully utilized opportunities in the export market to maintain consistent growth momentum in its sales.”

04 Sep 2020
ntpc-uk-bhattacharya-appointed-as-director-projects

NTPC: UK Bhattacharya appointed as Director, Projects

The NaMo administration on Tuesday cleared the appointment of Ujjwal Kanti Bhattacharya (ED, NTPC) for the post of Director (Projects) in National Thermal Power Corporation Limited (NTPC) till his superannuation i.e. 30.11.2023. He replaces Susanta Roy who retired months back. PESB had selected Bhattacharya for the post on 02 March 2020.

25 Aug 2020
sail-achieves-highest-ever-august-sales

SAIL achieves highest ever August Sales

By IndianMandarins 04 Sep 2020

New Delhi, 3rd September 2020: Steel Authority of India Limited (SAIL) posted its best-ever August sales performance during August 2020 at 14.34 Lakh Tonnes. Post the COVID-19 related lockdown, the Company has been witnessing an impressive sales performance which started in June’20. The sales in August have grown significantly by 35% over 10.60 lakh tonnes achieved in August 2019. SAIL’s domestic sales and exports have been at 12.40 Lakh Tonnes and 1.94 Lakh Tonnes registering a growth of 23% and 250% respectively. The growth in sales coupled with the improvement in realizations resulted in the cash collections going up for SAIL which has helped the Company in further reducing its borrowings.

Commenting on sales growth, Chairman, SAIL, Anil Kumar Chaudhary said, “Post the COVID-19 Pandemic, we had resolved to come back strong. The current sales figures are a testimony to the sustained efforts by the SAIL Collective. We were quite positive about the demand picking up as soon as the economy would return to normal. Despite the early setback, after opening up, the market has also been echoing positive sentiments and a lot of meticulous planning went into leveraging these sentiments.” Adding further he said, “The Company is totally committed to its role in contributing towards India’s growth story as well as building the ‘Atmanirbhar Bharat’. The Company has been catering to the domestic requirements of the Nation and has also gainfully utilized opportunities in the export market to maintain consistent growth momentum in its sales.”

ntpc-uk-bhattacharya-appointed-as-director-projects

NTPC: UK Bhattacharya appointed as Director, Projects

By IndianMandarins 25 Aug 2020

The NaMo administration on Tuesday cleared the appointment of Ujjwal Kanti Bhattacharya (ED, NTPC) for the post of Director (Projects) in National Thermal Power Corporation Limited (NTPC) till his superannuation i.e. 30.11.2023. He replaces Susanta Roy who retired months back. PESB had selected Bhattacharya for the post on 02 March 2020.

a-journey-towards-infinity-rec-limited-s-coffee-table-book-launched

A Journey Towards Infinity: REC Limited’s coffee table book launched

By IndianMandarins 25 Jul 2020

REC Limited’s coffee table book was, on 24 July 2020, launched on the eve of their 51st Foundation Day by the Union Minister of State (IC) for Power and New and Renewable Energy R K Singh in the presence of Secretary - Ministry of Power Sanjiv Nandan Sahai, Sanjeev Kumar Gupta – Chairman and Managing Director of REC Limited, key ministry of power officials and other senior members of REC.

The book titled ‘A Journey Towards Infinity’ encapsulates the legacy of the power sector behemoth as it details exhaustively, the journey, major accomplishments and key successes of the CPSU.

In its glorious 51 years, REC Limited has time and time again proved its mettle as one of India’s leading NBFCs and premier power financing enterprises while also paying rich dividends to its shareholders and assisting in building a stronger and more resilient nation. REC continues to strive towards excellence and continues to be a major partner in the service of the nation.  

cwc-a-k-singh-selected-for-board-level-position

CWC: A K Singh selected for Board-level position

By IndianMandarins 25 Jun 2020

The public-sector headhunter on Wednesday selected Amit Kumar Singh (IRTS), Senior DGM in Railways, for the post of Director (M & CP) in Central Warehousing Corporation (CWC); a post which is vacant at present. Altogether six candidates were interviewed by the PESB.

Subject to requisite clearances and ACC approval Singh will join the Board of Directors in CWC.

ntpc-ongc-sign-mou-to-start-a-joint-venture-for-renewable-energy-business

NTPC-ONGC sign MoU to start a Joint Venture for Renewable Energy business

By IndianMandarins 23 May 2020

NTPC and ONGC have signed an MoU to set up a Joint Venture Company for the Renewable Energy business. This will enable both the companies to accelerate their mark in the field of Renewable Energy. The ONGC has an ambition of adding 10 GW of renewable power to its portfolio by 2040.

The two companies will explore the setting up of offshore wind and other Renewable Energy Projects in India as well as overseas with this tie-up. Both the companies will seek opportunities in the area of sustainability, storage, E-mobility, Environmental, Social and Governance (ESG) compliant projects.

The tie-up will enhance NTPC’s Renewable Energy capacity addition program and also the presence of ONGC in the Renewable Power business. 

merger-of-director-level-posts-major-restructuring-at-sail-shortly

Merger of Director-level posts: Major restructuring at SAIL shortly

By IndianMandarins 04 May 2020

If some top-placed sources are to be believed, a major Board-level restructuring is in its last legs. If everything goes as per the plan then three Director-level posts may be merged into a single post. Indianmandarins has reliably learned that posts of Director (Technical), Director (Raw Materials and Logistics), and Director (Projects and Business Planning) will be merged into one.

Further, posts of CEOs of five integrated plants at Burnpur, Bhilai, Bokaro, Rourkela and Durgapur would become board level posts that would equip and empower he CEOs of respective plants resolving and streamlining the complex statutory issues like mining, acquisition, land rights.

It may be underlined that initially, it was a board-level position but later it became CEO level posts. Subject to Cabinet clearance these posts would again gather the status of board-level posts.

scope-organises-webinar-on-economic-impact-of-covid-cpses-perspective-

SCOPE organises webinar on ‘Economic Impact of COVID-CPSEs Perspective’

By IndianMandarins 22 Apr 2020

SCOPE has organized the third webinar of the SCOPE Webinar Series 2020 titled ‘Economic Impact of COVID-CPSEs Perspective’. SCOPE has recently introduced live webinars on relevant topics imperative for capacity building of PSEs. Deloitte has been its knowledge partner and looking at overwhelming response, SCOPE will continue to host such webinars to enhance competitiveness in PSEs.

Kishore Rungta, CMD, FACT and Vice Chairman, SCOPE and Atul Sobti, Director-General, SCOPE addressed the webinar that was attended by over 250 participants including several senior members of PSEs. Deloitte team comprised of Romal Shetty, President, Consulting and Nitin Kini, Partner who addressed implications, opportunities and Issues for PSEs with regard to COVID, how to strengthen India’s position as a strategic export, supply chain partners and shared practices adopted by SOEs around the world.

 Atul Sobti stated that COVID 19 is bringing a major change in business models globally emphasizing that organizations expeditiously changing and adopting new formats are ones that will emerge stronger.

ntpc:-d-k-patel-takes-charge-as-director,-hr

NTPC: D K Patel takes charge as Director, HR

By IndianMandarins 01 Apr 2020

Dilip Kumar Patel, on Wednesday took charge as new Director (Human Resources), NTPC. He succeeded Saptarshi Roy who retired yesterday i.e. 31.03.2020. PESB had selected Patel for the post on 18.09.2019 and ACC had endorsed his appointment on 2.12.2020. He will have a tenure till the date of his superannuation i.e. 30.04.2024.

Patel has been the HR Head in various NTPC projects like NSPCL Bhilai, Sipat, and Tanda for around 12 years. He was also the Regional Head of HR in the Eastern Region-2, before he was appointed as the Director (HR).

He graduated in Mechanical Engineering from NIT, Rourkela and did his Post Graduate Diploma in Business Management (HR & Finance) from MDI, Gurgaon.

He started his career in NTPC way back in 1986 as an Engineering Executive Trainee (XI batch) and had over more than three decades of the experience. After gaining work experience in (Mechanical Maintenance & CHP Operation) and Employee Development Centre (EDC) at Korba, he took a leap in his career and switched to core HR functions in 1997. Later he moved on to become the Head of HR at Koldam where the first hydro project of NTPC was launched.

free stat counter