Rewarding times for PSUs

The Government of India is looking to strengthen the Indian economy and the market, as well to shield it from the adverse global economic environment. To this end, it is planning a massive investment of Rs 1.40 lakh crore by 17 blue chip government undertakings in the forthcoming financial year (2012-13). This move will help to give the required boost to the market.

REC

REC received the MoU Excellence Award for the year 2009-10 in the Best Listed CPSE category. The award was received by Rajeev Sharma, CMD, REC, from Dr Manmohan Singh, Hon’ble Prime Minister of India. REC has received an ‘Excellent’ rating from the Department of Public Enterprises for the 18th year in succession, against the MoU signed with the Ministry of Power for 2010-11.

SAIL

The Hon’ble Prime Minister of India, Dr Manmohan Singh, presented the MoU Excellence Award in the Mining & Metals category to the Maharatna, Steel Authority of India (SAIL). The award was received by SAIL Chairman, C S Verma. SAIL is implementing a massive modernisation and expansion plan to enhance its hot metal production capacity from 14 million tonnes per annum (MTPA) to 23.4 MTPA at an investment of about Rs 72000 crore.