Mitsui O.S.K. Lines Ltd. to acquire strategic stake in six group companies of RIL

Reliance Ethane Holding Pte. Ltd. (“REHPL”) (incorporated in Singapore, a wholly owned subsidiary of Reliance Industries Limited (“RIL”), having 100% holding in six limited liability companies (LLCs) which own Very Large Ethane Carriers (“VLEC” or the “Vessel”)), Mitsui O.S.K Lines Ltd. (“MOL”) of Japan and a strategic minority investor have signed binding definitive agreements for […]

Continue Reading

PFC signs agreement to acquire majority stake in REC

Power Finance Corporation Ltd. (PFC) has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of INR 10/- each, of REC Limited from the President of India constituting 52.63% of the paid-up share capital of REC Limited. This is a major milestone achieved by PFC, who is now slated to become a […]

Continue Reading

Nine companies were awarded the prestigious 17th FICCI CSR Awards

Nine companies were awarded the prestigious 17th FICCI CSR Awards today at the FICCI CSR Summit and Awards. An eminent jury, chaired by Mr Ajay Shankar, Former Secretary, DIPP & Chair, 17thFICCI CSR Awards Jury Committee selected the awardees from an exhaustive list of 120 companies after six months of rigorous assessment. FICCI CSR Summit […]

Continue Reading

NBCC pays a dividend of Rs 74.34 crores to Govt

NBCC (India) Ltd. has declared its final dividend and paid the amount of Rs 74.34 crores to the Government of India (GOI) for FY 2017-18. Dr. Anoop Kumar Mittal, CMD, NBCC (India) Ltd handed over the cheque to Shri Hardeep Singh Puri, Hon’ble Minister of State, Ministry of Housing and Urban Affairs (MoHUA) in presence […]

Continue Reading

AAI and IIM- Indore entered into an MoU for customized training programmes

In order to augment the skill-set of its functional heads, senior and middle level executives, Airports Authority of India (AAI) has entered into a Memorandum of Understanding (MoU) for a period of 3 years with Indian Institute of Management, Indore (IIM-I) recently. As part of the MoU, customized training programs in the area of Management […]

Continue Reading

Bharat Electronics signs Technical Collaboration Agreement (TCA) with CSIR-NA

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a Technical Collaboration Agreement (TCA) with CSIR-NAL for the design and engineering, production and commercialisation of Electronic Target System (ETS), a modern training aid meant for enhancing marksmanship of Defence and Paramilitary forces during live firing exercises on the field. The agreement, which heralds a new […]

Continue Reading

RWA, NBCC to jointly start a Monsoon Tree Plantation drive in Delhi’s New Moti Bagh

Additional Principal Secretary to Prime Minister Office Dr. P. K. Mishra and a host of other senior Government functionaries today came together for a plantation drive for enhancing green cover at New Moti Bagh (NMB) residential colony developed by NBCC (India) Ltd. The plantation drive was a joint initiative between the Resident Welfare Association (RWA) […]

Continue Reading

IWAI Turns Aggregator for Cargo Owners and Shippers; Launches Dedicated Portal

The Inland Waterways Authority of India (IWAI) yesterday launched a dedicated portal to connect cargo owners and shippers with real time data on availability of vessels. The landmark e-connect measure will enable direct interaction among the vessel operators, shippers and cargo owners as currently, there is no platform to know the availability of vessels in […]

Continue Reading

NBCC signs MoU with MAHA Govt. for Redevelopment of Manora MLA Hostel

NBCC (India) Ltd. signed an Agreement with the Maharashtra Legislature Secretariat to redevelop Manora MLA Hostel in Mumbai on July 19, 2018. In august presence of Maharashtra Chief Minister, Devendra Fadnavis, the MoU has been signed between N K Shah, Director (Projects) on behalf of NBCC and Dr. Anant Kalse, Principal Secretary (Legislature Secretariat) on […]

Continue Reading