Jeff Immelt, 61, who had served as the Chairman and CEO of the manufacturing giant GE since 2001, handed over the chief executive role to another company veteran John Flannery, but will continue as the Chairman till the end of this year.
“We win in markets, not conference rooms,” the message said. “Winning requires doing and not talking,” Jeff Immelt said in a letter to employees last week, which he also shared on LinkedIn.
Determined to benefit from fast-growing fuel demand in the country, IOC intends to nearly double its refining capacity to 150 mt by 2030, says the company’s top boss.
All the three projects will be completed in four years by 2020-21. The three projects will generate direct employment during construction for close to 84 lakh mandays.
In what will provide a major boost to the railway network in various parts of Tamil Nadu and Kerala, the Cabinet under Prime Minister Narendra Modi on Wednesday gave its approval to three major railway line projects worth nearly Rs 4,000 crore.
Dr Baru will replace incumbent A Didar Singh who is due to retire after serving in the post for nearly five years.
Former Advisor to Prime Minister Manmohan Singh and noted journalist Sanjaya Baru will be the next secretary general of Federation of Indian Chambers of Commerce and Industry (Ficci). He will take charge of office on September 1.
coal imports has been declining over the last three years. During 2014-15 India imported 217.78 million tonnes of coal which declined to 203.95 million tonnes in 2015-16 and further to 190.95 million tonnes in 2016-17.
The trend of fall in import of coal continued unabated in 2017-18 and during April-June 2017-18, 52.74 million tonnes of coal was imported against 57.38 million tonnes in the corresponding previous period registering a 8.1% fall, Union Minister Piyush Goyal said citing figures of the Directorate General of Commercial Intelligence & Statistics.
From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.
The ease of getting power at affordable rates comes on the back of focussed reforms unleashed by the Modi government over the past three years in the power sector.
India’s power sector that was marred by continuous shortages and lack of quality and steady supplies to homes and factories has seen an unprecedented turnaround in the past three years.
Solar power tariffs in India have fallen to a new record low of Rs 2.44 per unit in the just concluded bidding for Bhadla Phase-III Solar Park in Rajasthan, power, coal, renewable energy and mines minister Piyush Goyal said.
"Another milestone towards PM @narendramodi's vision of clean affordable power for all: Bhadla Solar Park achieves tariff of Rs. 2.62/unit", tweeted Piyush Goyal, Union minister of state for power, RE, coal and mines.
A record of sorts was created on Tuesday when solar power tariffs fell to Rs 2.63 a unit at the state-run Solar Energy Corporation of India (SECI) auction of Bhadla solar park in Rajasthan.
Speaking to EnergyInfraPost.com, MD, EESL, Saurabh Kumar confirmed the move and said the announcement will be made by the minister in London during his visit this week.
Union Minister of State For Power, Renewable Energy, Coal and Mines, Piyush Goyal will visit London this week and make a major announcement on the plans of state-run Energy Efficiency Services Ltd (EESL) to invest £100 million in UK over the next three years.
