PSU sector news, Indian public sector latest news update, public sector undertakings news
Business Today

While BSNL incurred a loss of Rs 1,823 crore for 2009-10, MTNL posted a loss of Rs 2,611 crore and ITI logged in a loss of Rs 459 crore, Minister of State for Communications and IT Milind Deora said in a written reply to Lok Sabha.

 
 
The company has reported a sales turnover of Rs 1,851 crore, an increase of 33 per cent, compared to Rs 1,388 crore in the corresponding quarter of last year.
ONGC is without a chairman since end-January when R S Sharma retired, on attaining superannuation at the age of 60 years.
State-owned Indian Oil Corporation raises $500 million through an overseas bonds issue to fund its capital needs.
The funds will be spent on new mining projects, as well as for building washeries and buying new machinery and equipment, Chairman and Managing Director N C Jha said.
The much talked about Rs 11,500 crore share sale of state-run Oil and Natural Gas Corp has been deferred again and is unlikely to hit the market before mid-August.
BSNL's seven factories, located at Jabalpur, Richhai, Bhilai, Kolkata, Gopalpur, Kharagpur and Mumbai, are involved in manufacturing a range of telecom products.
Advertisement