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New Delhi, State-owned <keyword id="19909029" type="General" weightage="20" keywordseo="bhel" source="keywords">BHEL</keyword> on Wednesday said it has bagged an order to set up a 2,400 <keyword id="20225858" type="General" weightage="20" keywordseo="mw-supercritical-thermal-power-project" source="keywords">MW supercritical thermal power project</keyword> (STPP) from coal <keyword id="20225857" type="General" weightage="20" keywordseo="psu-nlc" source="keywords">PSU NLC</keyword> India Ltd. This is the largest power sector order won by the company through competitive bidding, BHEL said in a statement. "BHEL bags an order for setting up a 2,400 MW Supercritical Thermal <keyword id="47379" type="General" weightage="20" keywordseo="power-project" source="Orion">Power Project</keyword>. BHEL has won the prestigious order under <keyword id="20225859" type="General" weightage="20" keywordseo="international-competitive-bidding" source="keywords">International Competitive Bidding</keyword> (ICB) for the greenfield project on an Engineering, Procurement and Construction (EPC) basis at Jharsuguda in Odisha," the company said. The scope of the EPC contract includes engineering, manufacturing, supply, erection, and commissioning of crucial equipment, such as boilers, turbines, generators, and other auxiliary systems, for the 3x800 MW thermal power project. The scope also includes boilers with biomass co-firing capability and highly efficient latest pollution control equipment. The project will be commissioned within 64 months. On commissioning, this plant will contribute to meeting the future base load requirement of electricity in the country. The major equipment will be manufactured at BHEL's Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi plants while the company's power sector - southern region will be responsible for the civil works, and erection and commissioning of the equipment. BHEL has a long-standing partnership with <keyword id="20174233" type="General" weightage="20" keywordseo="nlcil" source="keywords">NLCIL</keyword> and installed a significant 77 per cent of the coal/lignite-based power stations of the utility, totalling 3,590 MW. It is the largest manufacturer of power generation equipment in the country and has been a major partner in the country's vision to achieve self-reliance in energy.

BHEL gets 2,400 MW greenfield power project from NLC India in Odisha

Latest PSU job openings at Air India, AASL, NLC India, BEL

New Delhi, Apr 14 () State-owned NLC India has discontinued the use of eight disinfection tunnels installed as a safety measure for its employees against Covid-19 following concerns raised about its effectiveness and the harm it may cause to human health, an official said. "The PSU was operating eight disinfection tunnels at its power plants, townships and hospital. But three days ago the company stopped using it on the directions issued by the state government of Tamil Nadu," a company source told . The company, which was in the process of setting up two more such disinfection tunnels, will not do so now due the concerns raised by the government, he added. The Director of Public Health and Preventive Medicine, Chennai, recently instructed all government departments in Tamil Nadu not to install such tunnels. It said that "disinfection tunnels will create a false sense of security and people may be diverted from handwash to disinfection tunnels. In addition, the spraying of alcohol/chlorine/lysol on human beings is not only harmful but also ineffective." "....it is instructed that disinfection tunnels should not be installed and used," it said. A company official had earlier said that "NLC Thermal team has fabricated disinfecting tunnels by using packing material and spares available with power plants which are now being used by all the power plants and mines in Neyveli." The company had earlier said disinfecting tunnels were set up to ensure protection of all employees before they entered the plants and mines. The PSU has also set up a 'fever clinic' for those with symptoms like fever, cough and breathing difficulties. Besides, NLC India has taken up measures for in-house preparation of liquid soap solution and sanitisers at its research centre. The company, under the coal ministry, is into coal and lignite mining and power generation. SID SID ABMABM

Covid-19: NLC India stops use of disinfection tunnels

After five consecutive days of winning streak, Indian equity markets faltered on Friday due to selling pressure in financials. The fall was more or less on expected lines as both the markets had been going up considerably for five straight sessions since last Friday. As the <keyword id="19997962" type="General" weightage="20" keywordseo="profit-taking" source="keywords">profit-taking</keyword> that was due for some time gained momentum today, 30-share BSE <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> tanked 609 points or 0.82 per cent to settle at 73,730. The NSE <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> also declined 150 points or 0.67 per cent to 22,420. "Relief from Middle East tensions, coupled with a correction in oil prices, and a bolstered Indian economic outlook fuelled by elevated composite PMI data from manufacturing and service sectors, propelled a market rally. However, the unexpected decline in US GDP and a surge in the US core PCE parice index triggered a global stock market downturn on the last trading day," explained Vinod Nair, Head of Research, Geojit Financial Services. Many traders pointed at rising global crude prices, a depreciating ru pee and persistent foreign fund outflows for the bear's grip on Friday. However, globally, the story seemed quite contrasting. <cmsannotation type="cmsannotation" annotationid="Global stocks rally" comment="subhead" text="Global stocks rally">Global <keyword id="19905382" type="General" weightage="20" keywordseo="stocks" source="keywords">stocks</keyword> rally</cmsannotation> Global stock markets rallied on Friday as tech giants lifted Wall Street shares, and the yen sank to its lowest level in 34 years following the Bank of Japan's decision to maintain loose monetary policy. MSCI's global stock index surged by 0.98%, driven by optimism in the tech sector. With 1.2% higher closing, Europe's <keyword id="6355376" type="General" weightage="20" keywordseo="benchmark" source="Orion">benchmark</keyword> index recorded its largest single-day gain in over three months, driven by gains in banking and industrial sectors. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory. In the U.S., the <keyword id="55718" type="General" weightage="20" keywordseo="dow-jones" source="Orion">Dow Jones</keyword> Industrial Average climbed 0.54%, the S&amp;P 500 rose 1.11%, and the Nasdaq Composite surged 1.98%. The US <keyword id="19900618" type="General" weightage="20" keywordseo="investors" source="keywords">investors</keyword> seemed to have digested the new inflation data while cheering the robust earnings from mega-cap tech titans Microsoft and Alphabet. Personal consumption expenditures data showed showed an uptick of 2.8% versus estimates of 2.7%. "The market has been too optimistic about the speed and quantity of rate cuts and these high levels of inflation make it very difficult to justify an interest rate cut anytime soon," said Clark Bellin, president and CIO of Bellwether Wealth. As concerns linger about world equities ending the month lower amid diminishing hopes for rapid Federal Reserve rate cuts, the yen's volatility has also persisted. Overall, while markets showed signs of recovery, ongoing uncertainties regarding monetary policy and inflation dynamics continue to influence investor sentiment worldwide. <cmsannotation type="cmsannotation" annotationid="Major Indian stock updates" comment="subhead" text="Major Indian stock updates">Major Indian stock updates</cmsannotation> Bajaj Finance was the biggest drag on the Sensex chart on Friday, skidding nearly 8 per cent after the company's March quarter earnings failed to cheer investors. Bajaj Finserv also declined over 3 per cent. IndusInd Bank, Nestle, Kotak Mahindra Bank and Mahindra &amp; Mahindra were among the other laggards. Meanwhile, <keyword id="19924892" type="General" weightage="20" keywordseo="Tech-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Tech Mahindra" meta.hostid="83" meta.entityid="Tech Mahindra">Tech Mahindra</keyword> jumped over 7 per cent after the IT services company's CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins. Wipro, ITC, UltraTech Cement, Titan and Axis Bank were among the gainers. Within the broader market, Public Sector Undertaking (PSU) stocks emerged as the winners, with <keyword id="19969318" type="General" weightage="20" keywordseo="hudco" source="keywords">HUDCO</keyword> rising by almost 12 per cent, NLC India by 7 per cent, Engineers India by 6 per cent, and CONCOR advancing by 6 per cent. "Correction is also attributed to global factors after the Japanese Yen fell to a new 34-year low and disappointing US data pushed its benchmark yields to over 4.7 per cent, thus worsening hopes of an interest rate cut in the medium term," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Global oil benchmark Brent crude climbed 0.31 per cent to USD 89.29 a barrel. The rupee declined 7 paise to close at 83.35 (provisional) against the US dollar on Friday. (With inputs from PTI and IANS)

Global stocks rally even as Sensex, Nifty fall sharply on Friday

The Indian economy contracted by 23.9% in the April-June quarter of this fiscal amid the COVID-19 crisis, official data showed on Monday. The <keyword id="6354971" type="DEFINITION" weightage="20" keywordseo="gross-domestic-product">gross domestic product</keyword> (GDP) had expanded by 5.2 per cent in the corresponding April-June period of 2019-20, according to data released by the National Statistical Office (NSO). The government had imposed a nationwide lockdown on March 25 to curb the spread of coronavirus infections. The Centre began easing the lockdown for certain economic activities from April 20 onwards. <div type="Article" hostid="261" msid="77845325" title="India is bracing for the worst GDP data in decades" mstype="2" mssubtype="0"></div> Most rating agencies had projected contraction in India's GDP for the first quarter of 2020-21. China's economy grew by 3.2% in April-June after recording a decline of 6.8% in January-March 2020. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-former-president-pranab-mukherjee-passed-away/articleshow/77852656.cms">Apna Time Aayega? Remembering Pranab Mukherjee, a village boy who couldn’t be stopped from being India’s first citizen</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-former-president-pranab-mukherjee-passed-away/articleshow/77852656.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/latest-psu-job-openings-at-air-india-aasl-nlc-india-bel/slidelist/77849759.cms">Latest PSU job openings at Air India, AASL, NLC India, BEL</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/latest-psu-job-openings-at-air-india-aasl-nlc-india-bel/slidelist/77849759.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/facts-about-warren-buffet-and-bill-gates-29-years-old-friendship/articleshow/77846919.cms">Warren Buffet is the only one on Bill Gates’ speed dial aside from Melinda ⁠— that and other secrets of the friendship between two billionaires</a>

Indian economy contracts 23.9% in the April-June quarter

New Delhi, Mar 20 () In the wake of coronavirus outbreak, state-owned Coal India Ltd has taken measures like setting up of isolation wards in hospitals run by its arms and encouraging usage of e-office, the coal ministry said on Friday. In order to contain the spread of coronavirus infection, the PSU has also taken measures like awareness drives for employees and contractual staff especially for frontline staff, cafeteria staff, drivers, housekeeping staff and maintenance personnel, the coal ministry said in a statement. All sports, events and public gatherings among others has been discontinued until further orders, it said. The recruitment exam has been postponed until further orders. The employees having history of foreign travel or contact with travellers from foreign countries are being identified and screened in Coal India arm WCL. "Ministry of Coal is taking various measures for prevention against COVID-19 to ensure strict compliance of the Advisories issued by Government of India from time to time," the statement said. The Ministry of Coal at its headquarters in Shastri Bhawan, New Delhi, has deployed a dedicated team of cleaning staff to ensure proper cleanliness and sanitizing of the work place, frequently touched surfaces viz. door handles, door locks, office floors, common corridor and office equipment. At NLC India Ltd (NLCIL), recent travel history in the prescribed format is being obtained for all the guests arriving in company's guest houses. "Four wards with isolation facilities in NLCIL General Hospital for quarantining 73 persons are kept in readiness to handle any emergency in the context of COVID 19," the statement said. Training workshops were organised for doctors and paramedical staff of NLCIL general hospital on COVID-19. "NLCIL maintains around 20,000 self-contained quarters under its ambit and health and hygiene of the township," it said. All the health inspectors have been sensitized on the COVID-19. "CSR Cell of NLCIL is spreading the message in peripheral villages and also distributing the notices," it said. SID HRS MRMR

Isolation wards at Coal India subsidiary-run hospitals, sanitisation steps at premises, says govt

New Delhi, Mar 29 () Power producers' total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January 2020 over the same month previous year, reflecting stress in the sector.Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.In January 2020, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 76,192 crore as against Rs 51,453 crore in the same month of the preceding year. According to the latest data on the portal, outstanding dues in January has decreased over the preceding month. In December 2019, the total dues of discoms stood at Rs 86,948 crore.However, the overdue amount in January increased over the preceding month, from Rs 75,930 crore in December 2019.Power producers give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.In order to give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit for getting power supply.The central government has given three months moratorium to discoms for paying dues to power generating companies (gencos) in view of lockdown till April 14 to contain COVID-19 across the country. The government has also waived off the penal charges for late payment of dues in the directive issued earlier this week.Discoms in Rajasthan, Uttar Pradesh, Jammu &amp; Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos, the data showed.Overdues of independent power producers amount to 25.94 per cent of the total overdue of Rs 76,192 crore of discoms in January. The proportion of PSU gencos in the overdue was 39 per cent.Among the central public sector power generators, the NTPC alone has an overdue amount of Rs 11,007.50 crore on discoms, followed by NLC India at Rs 4,731.13 crore, Damodar Valley Corporation at Rs 4,614.49 crore, NHPC at Rs 2,548.85 crore and THDC India at Rs 2,129.53 crore.Among private generators, discoms owe the highest overdue of 3,421.68 crore to RKMP (RKM Powergen Pvt Ltd) followed by Adani Power at Rs 3,201.68 crore, Bajaj Group-owned Lalitpur Power Generation Company Ltd at Rs 2,212.66 crore and GMR at Rs 1,930.16 crore.The overdue of non-conventional energy producers like solar and wind, stood at Rs 6,618.20 crore in January. KKS KKS BALBAL

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BHEL gets 2,400 MW greenfield power project from NLC India in Odisha

PTI

Latest PSU job openings at Air India, AASL, NLC India, BEL

BI India Bureau

Covid-19: NLC India stops use of disinfection tunnels

PTI

Global stocks rally even as Sensex, Nifty fall sharply on Friday

BI India Bureau

Indian economy contracts 23.9% in the April-June quarter

PTI

Isolation wards at Coal India subsidiary-run hospitals, sanitisation steps at premises, says govt

PTI

Discoms' outstanding dues to power gencos rise nearly 32 pc to Rs 88,311 cr in Jan

PTI

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