V B Fadnavis has taken charge as the executive director of National Thermal Power Corporation's (NTPC) super thermal power station at Kaniha. Prior to this, he served as the general manager of the power station. A B Tech in mechanical engineering from Devi Ahilya Vishwavidyala, Indore (1979), Fadnavis joined NTPC in November 1979 as an executive trainee.

V B Fadnavis ED of NTPC-Kaniha

BS Reporter

The steel and mines department has pulled up the steel and pellet projects proposed in the state for non submission of financial and physical progress report.A stern directive from the department has asked 36 companies individually to furnish the progress reports at the earliest.Among others, the companies include big ticket projects like Posco, Arcelor Mittal, Jindal Steel & Power, Brahmani River pellets limited , Adhunik Metalicks ltd etc."The submission of physical and financial progress report up to December 31, 2012 has been inordinately delayed which has been viewed seriously," B Behera, Under Secretary, Steel and Mines department wrote to the companies.In January, the steel and mines department had sought the progress report from the steel makers and asked them to submit it by January, 31.The department maintained that even after sending reminders, these companies have failed to comply.

Steel firms pulled up for non-submission of report

Narbheram Power & Steel Ltd (formerly Scaw Industries Ltd), a firm controlled by Kolkata-based Atha Group, has decided to invest over Rs 500 crore on ramping up output at its sponge iron facility at Dhenkanal."We are going to scale up sponge iron capacity to 0.5 million tonne per annum (mtpa) from 0.1 mtpa. The capacity of captive power plant (CPP) at the plant site will also go up from 8 Mw to 80 Mw. The capacity expansion plan will be fully implemented in 3-4 years," Amit Gupta, executive director, Narbheram Power & Steel Ltd told Business Standard.Besides sponge iron, Narbheram is also producing billets (an intermediate steel product) with an installed capacity of 0.004 mtpa."We are supplying billets mostly to end use consumers in north & south India," said Gupta.Narbheram Power & Steel Ltd (NPSL) had signed an MoU (memorandum of understanding) with the Odisha government in October 2003 for establishment of a 0.80 mtpa capacity steel plant at Gundichapada near Dhenka

Narbheram to invest Rs 500 cr on capacity expansion

Business Standard

Trade bodies suggest creation of the fund using premium money charged on conversion of land from lease hold to free hold status in industrial estates owned by Idco

MSMEs propose setting up of infrastructure fund

Politically motivated agitations and power cuts cited as reasons

Major units put their plans on hold at Vizag pharma city

Seven out of 36 working public sector undertakings (PSUs) in Odisha incurred losses of Rs 1,009.79 crore in 2011-12, says a latest report of the Comptroller & Auditor General of India (CAG) on PSUs for the year ended March 31, 2012.Heavy losses were incurred by Gridco Ltd (Rs 936.81 crore), Odisha Rural Housing & Development Corporation-OHRDC (Rs 31.71 crore), IDCOL Kalinga Iron Works Ltd (Rs 27.03 crore) and Oidsha Power Transmission Corporation Ltd-OPTCL (Rs 12.73 crore).CAG attributed the losses to various deficiencies in the functioning of the PSUs."A review of three years' audit reports of CAG shows that the state PSUs' losses of Rs 6,485.01 crore and infructuous investments of Rs 7.59 crore were controllable with better management. There is scope to improve the functioning and enhance profits. The PSUs can discharge their role efficiently only if they are financially self-reliant. There is a need for greater professionalism and accountability in the functioning of PSUs,"

Seven working PSUs in Odisha record Rs 1,010 cr loss: CAG

The BJP on Monday accepted its defeat in the local bodies' elections in Karnataka is "alarming" and the party will introspect but claimed it will spring back in the coming Assembly elections.

Defeat in Karnataka civic body poll 'alarming': BJP

Press Trust of India

Not even half of the Memoranda of Understandings (MoUs) signed by the Chhattisgarh government for drawing investing in the state could take shape in last eight years.The state government had signed 345 MoUs for setting up steel, power and cement plants in the state that had been endowed with rich minerals. "Out of it, 160 industries has started the work on the project," state's industry minister Rajesh Munat said in the Chhattisgarh Legislative Assembly Monday.The minister said 185 industries that had inked agreement with the state government for investing in the state had failed to make any progress in the proposal. The companies had not done any work on the proposal, Munat said.Munat had earlier said that the government had been reviewing the progress of the MoUs. The agreement with the companies that had failed to make any progress in the proposals would be cancelled, the minister had said.During the first global investors meet held in the state in November 2012, 174 MoUs were signe

185 industries yet to start operations in Chhattisgarh

BSY plays spoilsport for BJP; Congress makes big gains

Ruling BJP gets a drubbing in K'taka ULB polls

Faced with a water crisis, states including Karnataka, have sought assistance from the CentreThe Centre on Monday said it is initiating all possible measures to help states facing water crisis and drought-like situation. "Faced with a water crisis, states like Maharashtra, Gujarat, Karnataka, Rajasthan and Kerala have sought assistance from the Centre. Relief is being provided to them based on recommendations of a high-level committee," Minister of State for Drinking Water & Sanitation Bharatsinh Solanki said in the Rajya Sabha.Replying to a short notice question by Purushottam Rupala (BJP), he said Rs 1,006 crore was available with Gujarat government to tackle the situation but so far the expenditure there was only Rs 561 crore. He said the state had sought an assistance of Rs 834.83 crore and added that a high-level committee, headed by Agriculture Minister Sharad Pawar, would decide the quantum of assistance to be provided.To another query, Solanki said a central team had visite

All possible steps to tackle water crisis in states: Centre

West Bengal CM said previous Left Front govt had made the state financially bankrupt by indiscriminate borrowings from the Centre

Budget aims at creating greenery in a desert: Mamata Banerjee

Wendt (India) Limited was incorporated in 1980 as a joint venture between Wendt GmbH and The House of Khataus

City court restrains 3M India from using Wendt brand

Assam to 'encourage','accord priority' to set up of Green energy projects

Gogoi presents deficit Budget

Following strict vigil against ticketless travellers and frequent checking, the South Western Railway (SWR) earned revenues of over Rs 13.95 crore up to the end of January in the present financial year, an increase of 27.89 per cent over the corresponding period in previous year.

South Western Railway revenues from fines up 27%

Gold loans given by the bank's 68 branches in this region currently stand at Rs 160 cr

Corporation Bank expects gold loans to touch Rs 185 cr in Hyderabad zone

Maharashtra Governor says 82% of state has become free from load shedding by December last year

Maha govt has met 96% of energy demand: Guv

Maharashtra Governor says violence against women has once again come on centre stage due to the unfortunate incident in Delhi

Proposal for more women counselling centres at police stations

The company has appointed Indian investment bank MAPE to handle the stake sale

Eredene Capital to dilute stake in Ocean Sparkle

Congress MPs from Maharashtra on Monday opposed a suggestion of holding simultaneous elections to the Lok Sabha and the state assembly at a meeting with party vice president Rahul Gandhi.Sources said that economist-turned-politician Bhalchandra Mungekar mooted the idea of simultaneous polls but Gurudas Kamat and some other members of the Lok Sabha expressed strong opposition to it. Gandhi gave signals that the Congress can compromise to a limit while dealing with the NCP, its ally of 15 years in Maharashtra, and indicated that the party was being revamped to make it fighting fit for the Lok Sabha elections.The indication came at a meeting with party MPs from Maharashtra who cautioned about NCP expanding its base far and wide.A section of MPs also told Gandhi that the Congress cannot trust its alliance partner as NCP chief Sharad Pawar can spring a surprise at the last moment, sources said. Some members felt that Pawar's party cannot be relied upon for the assembly polls.

Maha Cong leaders more concerned about NCP than Oppn

The mid-market brand of New York-based Berggruen Hotels has plannedÂ to expand to 100 hotels in the next five years

Keys Hotels plans expansion across India

A local Congress leader has served a legal notice to Gujarat Chief Minister Narendra Modi asking him to apologise and withdraw his remarks calling Prime Minister Manmohan Singh a "night watchman" of Gandhi family."... Modi should do it (apologise or withdraw remarks) within three days of receipt of the notice... Failing which I will file a private complaint against him before Chief Metropolitan Magistrate here for offence of defamation," K K Benson, a former Pradesh Congress Member, said.In the legal notice released to the media here, Benson said by calling Singh night watchman, Modi has "insulted, degraded and defamed" in public the image and good reputation of Prime Minister's post. Without naming Manmohan Singh, Modi on March 3 had said the Congress appointed a "night watchman" to keep the seat warm for the first family of the Congress. "They did not realise that the night will be so long and dark. As a buffer, they appointed an economist to the post," he said.

Ex-Karnataka PCC member serves legal notice on Modi

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