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Showing posts from January, 2020

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Share market update: PSU shares trade higher; BHEL up 3%

Posted by Editor News on January 11, 2020

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Budget 2020: Govt unlikely to announce capital infusion for PSU banks

Posted by Editor News on January 11, 2020

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IREDA Sets Historic Benchmark as First PSU to Publish Audited Financial Results in Just 15 Days

In a groundbreaking achievement, the Indian Renewable Energy Development Agency Ltd. (IREDA), a leading Public Sector Undertaking (PSU) under the Ministry of New and Renewable Energy, has become the first PSU in India to publish its audited financial results within a remarkable 15 days. This milestone, announced on April 15, 2025, not only positions IREDA as a trailblazer among PSUs but also marks it as the first company in the Non-Banking Financial Company (NBFC) and banking sectors to achieve such a feat, setting a new standard for transparency and operational efficiency. A Record-Breaking Financial Performance IREDA’s audited financial results for the quarter and fiscal year ending March 31, 2025, showcased exceptional growth, underscoring the company’s pivotal role in India’s renewable energy landscape. The PSU reported its highest-ever annual Profit After Tax (PAT) of ₹1,699 crore, a significant leap that highlights its robust financial health and strategic focus on green financi...

PM Modi to Inaugurate India Steel 2025 Global Conference in Mumbai on April 24

In a significant boost to India’s steel industry and its global standing, Prime Minister Narendra Modi is set to inaugurate India Steel 2025, the 6th edition of the biennial International Exhibition and Conference, on April 24, 2025. The three-day event, scheduled from April 24 to 26 at the Bombay Exhibition Centre in Mumbai, promises to be a landmark gathering, bringing together key stakeholders from the global steel value chain to discuss growth, sustainability, and innovation. Organized by the Ministry of Steel, Government of India, in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI), India Steel 2025 is poised to showcase India’s ambitious vision for its steel sector and foster international collaboration. A Platform for Global Steel Leadership India Steel 2025 is expected to be one of the largest steel events globally, with over 12,000 business visitors, 250 exhibitors, and 1,200 conference delegates representing diverse sectors, governme...

Centre assures renewable energy sector stakeholders of early resolution of regulatory issues

The Ministry of Power and New and Renewable Energy has assured renewable energy sector stakeholders that it is working to resolve regulatory issues at the earliest. This assurance was given at a meeting between the Minister of Power and New and Renewable Energy, R.K. Singh, and renewable energy sector stakeholders on October 20, 2023. Some of the key regulatory issues discussed at the meeting included: Dual connectivity: Renewable energy developers have been demanding dual connectivity, which will allow them to sell their power to multiple buyers. The Center has assured stakeholders that it is working on a framework for dual connectivity. Contractual conditions: Renewable energy developers have also raised concerns about certain contractual conditions, such as the requirement to pay liquidated damages for delays in commissioning projects. The Center has assured stakeholders that it is reviewing these contractual conditions. Demand charges: Renewable energy developers ...

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