Tata Power-DDl Opens 19th Vocational Training Centre at Rohini
With an aim to contribute towards the ‘Skill India Program', Tata Power Delhi Distribution limited (Tata Power-DDl) has launched its 19th Vocational Training Center at Rohini, Sector-11 for Children, Youth and Women from the socially disadvantaged sections of the society residing in the Jhuggi Jhopri (JJ) clusters & resettlement colonies. This center will be run in association with Ashima Foundation and offer training in Computers, Stitching and Tailoring and will benefit over 250 youngsters and children annually. The center was inaugurated by Praveer Sinha, CEO & MD, Tata Power-DDl and Monica Singhania, Ashima Foundation in the presence of beneficiaries and students of other Vocational Training and Women literacy Centers run by the company and more than 150 people including representatives from NGOs, WlC instructors, ABHA (Self Help Group) members, VT center students etc. Speaking on the occasion, Praveer Sinha, CEO&MD, Tata Power- DDl said, “Skill Development is crucial for youth empowerment. We at Tata Power-DDl, plan to expand the reach of our literacy and vocational training centers to as many people as possible and diligently contribute toward societal empowerment. We continue to work towards uplift of the underprivileged section of the society in JJ Clusters by empowering them through vocational training.”
POWERGRID Q2 Net rises 14% to Rs 2,141 crore
POWERGRID has recorded a net profit of Rs 2,141 crore for the second quarter of FY 2017-18 (July-Sept, 2017), an increase of 14 per cent against Rs 1,872 crore reported during the corresponding quarter ended September 30, 2016. Total Income (Turnover) for second quarter (Jul-Sep, 2017) rose to Rs 7,492 crore, up by 16 per cent from Rs 6,480 crore in the corresponding year ago period. Income for first half of financial year FY18 rose to Rs 14,882 crore, an increase of 17 per cent over Rs 12,739 crore reported last year. On a standalone basis, POWERGRID had registered a net profit of Rs 7,520 crore on a turnover of Rs 26,581 crore in the FY 2016-17. During the second quarter (Jul-Sep, 2017) of the current FY'2017-18, POWERGRID has added about 2,260 ckm of transmission lines; four substations and aggregate transformation capacity of ~ 17,500MVA. Some of the major transmission elements commissioned during the period July-September, 2017 are Pole-II of Champa-Kurukshetra HVDC, Pole-III & Pole-IV of NER-Agra HVDC in addition to 765kV D/C Maheshwaram-Nizamabad, 400kV D/C Kishenpur-New Wanpoh, 400kV D/C lara (NTPC)-Champa (POWERGRID) and 400kV Mauda-Betul & Betul-Khandwa transmission lines. The substations commissioned during the period areMaheshwaram, Alipurduar HVDC, Alipurduar Pooling Station and Betul. It's physical assets as on Sept 30, 2017 include more than 142,990ckm of transmission lines, 226substations with transformation capacity of more than 3,11,100 MVA.
BHEl bags Rs 350 crore order from PowerGrid
State-run power equipment maker BHEl on Wednesday has bagged an order worth Rs 350 crore for setting up two 765 kV sub-stations in West Bengal. This is the largest value 765 kV substation project order for BHEl so far. The order has been placed on BHEl by Powergrid Medinipur-Jeerat Transmission ltd (PMJTl), a wholly-owned subsidiary of Power Grid Corp. The project has to be completed on Engineering, Procurement & Construction (EPC) basis. These EHV substations will play a key role in strengthening the 765 kV systems in the Eastern region (ERSS-XVIII), for delivering power to important load centres in the state of West Bengal. The substations are slated to be commissioned within a schedule of 30 months. The project shall be engineered and delivered by BHEl on total turnkey basis.
OBC reports Q2 loss of Rs 1,749 cr on rise in NPA provisions
State-owned Oriental Bank of Commerce (OBC) reported a net loss of Rs 1,749.90 crore for the second quarterc ended September, hit by additional provisioning under insolvency proceedings. It had reported a net profit of Rs 153.26 crore in the corresponding July-September quarter of 2016-17. Compared sequentially, the loss in the second quarter of this fiscal has widened against Rs 486.20 crore loss in first quarter ended June. Total income of the Gurugram-based lender increased to Rs 5,511.70 crore during the Jul-Sept period of 2017-18, as against Rs 5,279.71 crore in the period of 2016-17. The bank said it was required to make additional provision in respect of nine accounts covered under provisions of Insolvency and Bankruptcy Code of Rs 868.41 crore over and above the requisite norms to be proportionately spread over three quarters starting from September quarter till March-end.
REC Q2 net increases 11% to Rs 35,145 crore
Rural Electrification Corporation (REC) limited, announced its financial results for the half year ended 30th September 2017 in a meeting held on 6th November 2017. The Total Income of REC as on 30th September 2017 is Rs 11,290 crore. The Profit before Tax (PBT) for half year ended 30th September 2017 is Rs 3,712 crore and Profit after Tax (PAT) stands at Rs 2,516 crore. The Net worth of the company has increased to Rs 35,145 crore up 11 per cent compared with Rs 31,778 crore as on 30 September 2016. loan Book of the company increased to Rs 2,15,845 crore and the outstanding borrowing was Rs 1,75,626 crore. As on 30 September 2017, the company's Gross NPA stands at 2.54 per cent and Interest Coverage Ratio stands at 1.55 per cent. Total Sanctions in the second quarter is Rs 56,168 crore, a 12 per cent increase from the comparable quarter in 2016. Disbursements also grew by 2 per cent to Rs 26,535 crore against Rs 25,908 crore as on 30th September 2016. Earnings per Share (EPS) for the quarter ended 30th September 2017 is Rs 12.74 per share of Rs 10 each.
IGl pays dividend cheque to lt-Governor of Delhi
ES Ranganathan, Managing Director and V Nagarajan, Director (Commercial), Indraprastha Gas limited (IGl) accompanied by other top officials of IGl presenting the dividend cheque for 2016-17 to Anil Baijal, lt-Governor of Delhi.
SCOPE Institutes Corporate Communication Excellence Awards 2017 for PSUs
SCOPE, the apex body of PSUs, has instituted the SCOPE Corporate Communication Excellence Awards 2017 for public sector enterprises. These awards will be presented during the Corporate Communication Summit 2017 being organised by SCOPE on 7th & 8th December 2017 in New Delhi. Massive participation from large many PSUs is expected. The prestigious SCOPE CC Excellence Awards will be given in the categories of (i) Brand building through inclusive growth initiatives; (2) Best corporate communication campaign/program (Best Internal/External communication/Program); (3) Innovative Stakeholder interface; (4) Crisis handling; (5) Effective use of digital media; (6) Best house journal (English); (7) Best house journal (Hindi); (8) Best annual report; and (9) Best corporate film. The awards are adjudged by a panel of eminent professionals from diverse background.