The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Lok Sabha today informed that the Retail Outlets (ROs) are set up by Public Sector Oil Marketing Companies (OMCs) at identified locations based on field survey and feasibility studies. Locations having sufficient potential and which are economically viable are ...

National Aluminium Company Limited (NALCO), one of India’s largest integrated manufacturer and exporter of alumina and aluminium, has surpassed several milestones in its journey of business excellence in Q3 of financial year 2021-22. The Company registerednearly 3.5-fold increase in Net profit to clock Rs. 831 crore in Q3 of FY22, a jump of 246%compared to Rs. 240 crore in Q3 ...

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India, has achieved yet another milestone in aluminium smelting. The Company has successfully put into operation all the 960 Pots at its existing Smelter Plant located at Angul Odisha. Shri Sridhar Patra, CMD, NALCO, formally operationalized the 960th Pot by virtually switching on the pot from ...

The removal of name of companies from the Registrar of Companies is a continuous process. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.The Minister stated that companies can also apply for removing the name of the company u/s 248(2) of the Act, which is ...

‘Make in India’, is an initiative launched on 25th September 2014, a major national programme of the Government of India designed to facilitate investment, foster innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and innovation. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to ...

Minister of Primary & Secondary Education and Sakala of Karnataka B C Nagesh launched Oil & Natural Gas Corporation Limited (ONGC)’s sixth CSR project to promote arts and handicrafts in India. The project was launched in Bangalore on 1 December 2021 as a part of the observance of Azadi Ka Amrit Mahotsav – celebrating 75 years of India’s independence. The ...

The Ministry of Corporate Affairs (MCA) administers the provisions of the Companies Act, 2013 (the Act), The Limited Liability Partnership Act, 2008 and The Insolvency and Bankruptcy Code, 2016. MCA does not maintain data on event base. This was stated by the Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in reply to a question in Lok ...

The Government provides the broad framework for Corporate Social Responsibility (CSR) through Section 135 of the Companies Act, 2013 (‘Act’), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014. This was stated by the Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in reply to a question in Lok Sabha today. The Minister stated that ...

National Aluminium Company Limited (NALCO) registered a handsome rise in net profit for Q2 FY 21-22 at Rs 748 crore,posting a jump of 600% over Rs 107 crore achieved during corresponding period of last year. This is one of the strongest performance in a decade, with Net Profit soaring to Rs.1095 crore at half-yearly stage. The net profit has soared ...

In a major step towards the mission and vision of Government of India of Ease of Living and Ease of Doing Business, Ministry of Corporate Affairs (MCA) has further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. For claimants, requirement of Advance Receipt has been ...