The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
QIP is a capital raising tool, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants that are convertible to equity shares to a Qualified Institutional Buyer.
The Telangana agitation over the Centre's decision to create a new state in the region has forced several companies, including Bharat Forge, the Lakshmi Mittal Group and the NTPC-BHEL joint venture, to either put their expansion plans on hold or explore other states.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Reliance Industries Ltd, India's largest private firm, is keen to take over the Dabhol power plant to fulfill its long planned ambition of having an LNG import facility on the west coast, a company official said.
Anil dared the oil ministry to cancel the production sharing contract with RIL if it was really aggrieved and not challenge third party agreements.
Israel has expressed interest in sharing its expertise on water purification and waste water treatment under Prime Minister Narendra Modi's pet project for cleaning river Ganga.
It is a feat currently shared by only four other Indian companies: ONGC, Reliance Industries, NTPC and Infosys.\n
Four companies, including India's largest private sector electricity generator Tata Power and infrastructure major Larsen & Toubro Ltd, chose not to bid for the Rs 16,000-crore ultra mega power project (UMPP) in Tilaiya in Jharkhand even as Reliance Power, Lanco Infratech and NTPC Ltd, the country's largest power producer, submitted their technical bids.
Sources familiar with the developments said the government will file an application in the Bombay High Court by the end of December or early January. RIL on its part has already appealed against the order.
A total of 180 NSE-listed companies have not appointed a woman director.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO).
GAIL India will hold 28 per cent stake in the special purpose vehicle, being set up for the revival of $2.9 billion Dabhol power project.
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The 50-component Nifty closed at 10,214.75, a solid gain of 96.70 points, or 0.96 per cent
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
Three public sector companies are planning to set up 60-80 megawatt solar plants with an investment of Rs 1,000-1,200 crore (Rs 10-12 billion). The projects will come up in Rajasthan, Punjab and the Leh region of Jammu and Kashmir.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
To prevent rise in air pollution levels, oil marketing companies and thermal power units were planning to procure stubble from farmers to make bioethanol and promote the central government's 'Agricultural Mechanization' for crop residue management. But both have seen minimal success.
According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes.
With their balance sheets under stress, private companies have lost interest in them.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
The list of companies in terms of market capitalisation has ONGC at the top with a market cap of Rs 145,615.97 crore (Rs 1456.15 billion), followed by Reliance Industries at Rs 106,547.77 crore (Rs 1065.47 billion).
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The government on Wednesday decided to allow private sector employees to apply for top management jobs in PSU companies like Indian Oil, NTPC and SAIL.Private sector executives who meet the eligibility criteria for top-level management positions for which the Public Enterprises Selection Board (PESB) conducts selections, will be considered as "non-internal" candidates. Most board-level appointments in PSUs have a five-year tenure.
It is ranked 7th on the list of world's top-10 consumer finance firms
Top names in the power and infrastructure sector, including Reliance Power, Lanco Kondapalli and Spanish firm Isolux Corsan, have evinced interest in setting up two power plants in Uttar Pradesh's Allahabad district.
With the benchmark Sensex witnessing a dream-run, total market valuation of BSE listed companies has inched closer to Rs 100 lakh crore milestone.
The total market valuation of the BSE-listed companies is nearing the Rs 100 lakh crore-mark following the continued dream run of the bourse.
Five companies, including NTPC, Reliance Power, Lanco Infratech, Jindal Power and Sterlite Energy, of the 11 pre-qualified bidders, were in the fray for the project. The financial and technical bids for the coal-based thermal power project were invited on December 29 and the final financial bids were to be opened within 15 days.
Pharma major Sun Pharma remained the worst loser in the Sensex pack for the second day in a row after reports that regulator Sebi may reopen the insider trading case against the company.
The rise in India Inc's market value was led by asset-light firms.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
The regulator's concern arises from several recent instances.
The Tilaiya project is a part of the government's showcase UMPP scheme under which a power generation capacity of around 50,000 Mw is planned to be created through 13 of such mega projects, which will come up mostly in the Twelfth Plan period.
Have you heard of an electronic exchange to trade electricity? Soon, online power exchanges will be a reality in India.
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
