Neyveli Lignite Corporation Ltd decided to close fertiliser unit.
Neyveli Lignite Corporation Ltd's board will meet on January 28 to consider unaudited financial results for the quarter ended December 31, 2002.
Marumalarchi Dravida Munnetra Kazhagam leader Vaiko was arrested in Neyveli, Tamil Nadu, when he and party workers tried to picket the Neyveli Lignite Corporation office, demanding that the public sector unit stop power supply to Karnataka, which has stopped release of Cauvery water to Tamil Nadu.
The massive electricity grid failure earlier this week, that left a majority of India in darkness, has impacted the volumes of power generation companies. The worst power black-out in the world hit their revenues by an estimated Rs 550 crore (Rs 5.5 billion) in two days.
The government on Thursday decided to sell 10 per cent shares in Nalco and Neyveli Lignite Corporation.
Neyveli Lignite Corporation Ltd has posted a net profit of Rs 1860.90 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 1966.50 million in the quarter ended December 31,2001.
Operations in the Neyveli Lignite Corporation remained paralysed as the indefinite strike by its workers protesting the Centre's decision to disinvest 10 per cent shares in the public sector company entered the third day on Thursday.
Aditya Birla flagship Hindalco Industries on Monday said it has entered into a joint venture with Mahanadi Coal Ltd (MCL) and Neyveli Lignite Corporation (NLC) for carrying out mining activities.
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
Power generation and lignite mining, which were totally paralysed due to the strike, commenced at 9:30 pm.
Mining and power generation at the public sector Neyveli Lignite Corporation came to a standstill
Telecom monolith Bharat Sanchar Nigam Limited is the top profit-making public sector unit, while steel giant Steel Authority of India Limited had the dubious distinction of topping the list of loss making state-owned enterprises.
DMK organising secretary T K S Elangovan says the party is opposed only to the sale of profit-making PSUs.
State-owned Coal India Ltd has decided to make a foray into power generation and the company is in talks with Neyveli Lignite Corporation to set up a 2000 mw pithead power plant at its subsidiary Mahanadi Coalfields Ltd.
The mishap occurred at the fifth unit of the thermal power station-II (210 MW x 7) when workers were in the process of resuming operations on Wednesday morning.
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
In the factory, workers said Friday was the last day as far as production was concerned.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
As the mid-day meal school tragedy in Bihar fuelled food safety concerns, more cases of children falling ill after consuming free food or contaminated water have come to light from Tamil Nadu, Odisha, Delhi and Maharasthra.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
CBI is likely to examine soon Hindalco chairman Kumar Mangalam Birla and former Coal Secretary P C Parakh, who are named as accused in the FIR related to Talabira coal block allocation to Hindalco, as it wants to expedite probe.
Earlier this month, market regulator Sebi had given go- ahead to the disinvestment department's proposal to give preference in share allotment to those PSUs located in states in which Neyveli's generating units were located.
In Chennai, rains are expected to start early Thursday morning and intensify gradually. Government schools in the city have been shut down for the next two days
After a 10-month probe, the Central Bureau of Investigation has decided to file a closure report in the coal block allocation case involving industrialist Kumar Mangalam Birla and former Coal Secretary P C Parakh as the agency could not find any evidence in this matter.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
A change in recommendation in favour of Birla did certainly happen but the question is whether it was a bona fide decision. Jyoti Mukul reports
A special court on Monday asked the Central Bureau of Investigation to clarify whether "rule of law" was followed in allocation of coal blocks to top industrialist Kumar Mangalam Birla's Hindalco.
The Supreme Court on Wednesday stayed the summons to former Prime Minister Manmohan Singh and 5 others by a trial court over the coal scam.
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