Schneider Electric, a French electrical equipment maker, beat market expectation with a 6.2 percent organic growth in first-quarter revenue, buoyed by upbeat performance of its two businesses and strong demand in China.
Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis, the company said on Thursday.
On his appointment as Director on the Board of Bharat Heavy Electricals Limited (BHEL), Sh. Subodh Gupta, 54, has assumed charge as Director (Finance) of the Public Sector Engineering and Manufacturing Enterprise.
A day after state-run Gujarat Gas Limited (GGL) increased retail prices of domestic piped natural gas (PNG) and compressed natural gas (CNG), private sector city gas distribution (CGD) company Adani Gas Limited (AGL) on Wednesday hiked the retail prices of CNG and PNG for its consumers in Ahmedabad and Vadodara.
With an experience spanning over 35 years in oil & gas production activities at various Indian basin, Sanjay Kumar Moitra has taken over charge of Director (Onshore) of Oil and Natural Gas Corporation (ONGC) today. As Director (Onshore), he will look after oil and gas production from ONGC’s onshore fields.
Electrosteel Steels is set to become the first in an initial list of big defaulters to emerge from bankruptcy proceedings, with the National Company Law Tribunal’s Kolkata bench approving a Rs. 5,320-crore resolution plan from Vedanta Ltd for the company.
The foreign acquisition unit of Oil and Natural Gas Corp’s (ONGC) has filed an arbitration claim against the government of Sudan in a London court, a company official said, seeking to recover dues pending for years from a roject hit by the breakaway of South Sudan in 2011.
Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a long-term agreement with Indian Oil Corporation Ltd (IOC) to provide liquefied natural gas (LNG) re-gasification services on a use-or-pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha.
Saudi Aramco, the world’s largest oil producer, will hold an equal stake in the planned $44-billion refinery-cum-petrochemical project in Maharashtra, Ram Gopal, director of refineries at Indian Oil said.
We are seeing what is effectively India Inc.’s biggest ever fire sale. It’s even bigger than the government’s planned divestment target.