Wins largest-ever export order; Forays into Power Generation; Focus on Diversification to Drive Next Wave of Growth
State-owned Bharat Heavy Electricals Limited (BHEL) said on Monday that it has has achieved double digit growth in its topline and bounced back into profit in fiscal 2016-17, ending the year with significant traction in growth drivers.
Tata Power Solar, India’s largest integrated private sector solar company, on Monday announced that the company has ramped up the scale of business substantially by focusing on building state of art technology, engineering and strengthening on customer & employee satisfaction.
Delhi-based renewable energy and telecom solutions company ACME Group is planning to raise capital by listing its solar assets through infrastructure investment trust (InvIT) listing, said three people directly familiar with the matter.
State-run Hindustan Petroleum Corporation (HPCL) has reported a 31 per cent rise in net profit at Rs 1,818.79 crore in the fourth quarter (Q) of the financial year (FY) 2016-17, as against Rs 1,387.91 crore during the same period in FY16.
Oil and Natural Gas Corporation, the state-owned oil and gas explorer, recorded a 6.54 percent drop in net profit at Rs 4,340 crore for the quarter ended March 2017 on account of higher expenses which rose a whopping 47 percent.
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned another 270 MW thermal unit at Rattan India Nasik Power Limited’s 5×270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra.