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BHEL beats power capacity addition target by 19%

Accelerating its project execution momentum, Bharat Heavy Electricals Limited (BHEL) has surpassed the capacity addition target, set by the government for utility projects, by 19 per cent.

BHEL has bagged its largest order amounting to Rs 17,950 crore from Telangana State Power Generation Corp (TSGENCO)
Coal Minister Piyush Goyal says Coal India has set a target to attain one billion tonne of coal production by 2019-20.
The proposed share sale of 5 per cent in NTPC would fetch the government Rs 5,565 crore while that of 10 per cent in IOC would bring in Rs 7,932 crore.
Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India and ONGC and the government needs to reduce the burden on them.

BPCL said that the notes will be listed on the Singapore Stock Exchange and the proceeds will be used for capital expenditures purposes.
MMTC wants to capitalise on international gas prices halving to about USD 7-8 per million British thermal unit and import LNG in ships at spot or current rates.
Tourism Minister Mahesh Sharma, has, however, ruled out the possibility of selling off The Ashok, the flagship property of ITDC in the national capital.
The Union Cabinet on Wednesday approved proposals to divest its 5 per cent stake in state-owned NTPC Ltd and 10 per cent in IOC.
Government will fully meet subsidy burden of LPG in 2015-16, Oil Secretary said at FICCI roundtable on Hydrocarbons in New Delhi.
"The unit has been commissioned at Jindal Power Limited (JPL)'s OP Jindal 4X600 thermal power plant located at Tamnar in Raigarh district of Chhattisgarh," BHEL said.