BHEL PAYS FINAL DIVIDEND FOR FISCAL 2015-16
Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 20% for fiscal 2015-16. In value terms, the total dividend paid for fiscal 2015-16 amounts to INR 98 Crore. With this, the company has maintained its impeccable track record of rewarding investors via dividends uninterruptedly since 1976-77. A cheque for INR 61.7 Crore, towards the final dividend for the year 2015-16 on the equity held by the Government of India (which amounts to 63.06%), was presented to the Minister of Heavy Industries & Public Enterprises by CMD-BHEL Atul Sobti, in the presence of the Minister of State for the same ministry. Functional Directors on the board of BHEL as well as other senior officials of the Ministry and BHEL were also present. Despite 2015-16 being an extremely challenging year, BHEL has recorded the highest-ever commissioning of projects in its history and the highest order booking over the last five years in this fiscal, ending the year with significant traction in growth drivers. Enhanced focus on project execution has resulted in BHEL creating history by way of commissioning/synchronizing an all-time high 15,059 MW of power generating equipment during the year. Despite intense competitive pressure in the power and capital goods markets during the year, BHEL achieved the highest order booking in the last five years, at INR 43,727 Crore, a 42% leap over 2014-15. The company ended the year with a total order book of INR 110,730 Crore for execution in 2016-17 and beyond.
IRCTC CONFERRED PSU LEADERSHIP AWARD FOR E-INITIATIVES
Srivastava, ED (NETRA) & RED (DBF) as the Executive Director (WR-II), Raipur. Prior to joining this post Sood was ED (Commercial), NTPC Limited. The IRCTC CMD Dr A K Manocha, has received the PSU Leadership Award for e-initiatives from the Jharkhand government. Dr Manocha was felicitated with the award by Jharkhand Chief Minister Raghubar Das, for introducing a string of passenger-friendly IT initiatives. The award was presented during the ‘2nd eJharkhand’ event that was organised by the State’s Department of IT and e-Governance, to highlight the pro-people initiatives launched by the government. In an another milestone Rail Neer, a signature product of the Indian Railways Catering & Tourism Corporation (IRCTC), was awarded ‘India’s Most Trusted Brand for 2016’ in the packaged drinking water segment by IBC Infomedia Private Limited, a leading business management consultancy.
D K SOOD TAKES CHARGE AS ED (CSR/R&R) & RED (DBF), NTPC
D K Sood took charge as Executive Director (CSR/R&R) & Regional Executive Director (DBF), NTPC Limited, on October 03, 2016, following the transfer of R K
B P PANDEY TAKES OVER AS CMD REC
The government has assigned additional charge of CMD , Rural Electrification Corporation ( REC) to B P Pandey (IAS), the Special Secretary of Power, for a period of 3 months. He has taken over as the Chairman & Managing Director of REC Limited according to the notification posted on its website. He is a 1983 batch IAS officer of the Uttarakhand cadre.
RAJEEV SHARMA TAKES OVER AS CMD OF PFC
Rajeev Sharma has taken over as the Chairman & Managing Director of PFC (Power Finance Corporation Ltd), with effect from 1st October 2016. Sharma succeeds M K Goel, who retired on 30th September 2016 on attaining the age of superannuation. Prior to joining PFC, Sharma was the CMD of the Rural Electrification Corporation Ltd (REC). Under his dynamic leadership, Sharma helped REC scale greater heights in excellence by doubling the revenue and profits during the past five years. Sharma is considered the architect of the Government’s flagship schemes like DDUJY, RGGVY and RAPDRP.
PESB SELECTS SANJIV SINGH FOR IOCS TOP POST
Sanjiv Singh will be the new Chairman of Indian Oil Corporation Ltd, the nation’s largest oil company. Sanjiv Singh, 56, who is currently Director of Refineries at IOC, was selected for the top job after Government head hunters PESB (the Public Enterprises Selection Board) interviewed eight candidates. Singh, who has been IOC’s Director of Refineries since July 1, 2014, will replace B Ashok on his superannuation at the end of May 2017. He will have 3-year tenure at the helm of India`s largest oil refining and marketing company. Singh has served as the Executive Director of the Paradip Refinery Project, as well as the head of IOC`s Panipat Refinery before becoming a director. A Chemical Engineer from IIT-Roorkee, Singh joined IOC in December 1981 as Trainee Engineer and has worked in various positions at Mathura, Barauni and Panipat refineries of the company.