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Confidence Petroleum India consolidated net profit rises 471.05% in the March 2021 quarter

Read more about Confidence Petroleum India consolidated net profit rises 471.05% in the March 2021 quarter on Business Standard. Sales rise 27.71% to Rs 338.09 crore ....

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GAIL to fund start-ups in focus areas though its PANKH initiative

In a bid to support the Start-Ups operating in identified Focus Areas, GAIL (India) announced its plans to invest in such companies through its Start-Up initiative Pankh .
GAIL has now opened a fresh Round for Solicitation of Investment Proposals from the Start-Ups operating in the Focus Areas, which mainly includes natural gas, petrochemicals, energy, project management, bio-manure marketing, nano materials, IoT, data mining, environment, health and social. The further details of Focus Areas are available on GAIL website under GAIL PANKH Section.
The Start-Ups that are interested in equity investment from GAIL can apply through link GAIL PANKH on GAIL s website https://gailonline.com. The Solicitation Round is open from 30 March 2021 to 30 May 2021. ....

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Auto stocks, NTPC, Hindustan Aeronautics in focus

Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for March starting from today, 1 April 2021.
NTPC informed that consequent upon successful commissioning and due approvals, first part capacity of 70 MW of 85 MW Bilhaur Solar PV Project at Bilhaur, Uttar Pradesh, is declared on Commercial Operation with effect from 28 March 2021. With this, the commissioned as well as commercial capacity of NTPC and NTPC group has become 51725 MW and 64490 MW respectively.
Hindustan Aeronautics recorded a revenue in excess of Rs. 22,700 crores (provisional and unaudited) for the financial year ended on March 31, 2021. The corresponding figure for the previous year stood at Rs. 21,438 crores. The company has posted a revenue growth of around 6% in FY 2020-21. ....

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Likhitha Infrastructure sizzles on multiple orders win

Likhitha Infrastructure jumped 8.35% to Rs 346 after the company said it has received total orders/contracts worth Rs. 234.85 crores during the quarter ended 31 March 2021.
The company bagged a Rs 169.47 crore order for cross-country pipeline laying and related works. The EPC company also bagged a Rs 30.75 crore for city gas distribution pipeline and related works.
Furthermore, the company also received a contract of Rs 34.63 crore from Indian Oil Adani Gas for laying Pipeline from Thrissur Geographical Area to Ernakulam Geographical Area.
Likhitha Infrastructure is an oil & gas pipeline infrastructure service provider in India. Its operations include three principal business lines: (i) cross country pipelines and associated facilities; (ii) city gas distribution including CNG stations; and (iii) operation & maintenance of CNG/PNG services. ....

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GAIL (India) announces change in directorate

With effect from 01 April 2021GAIL (India) announced that P.K. Gupta, Director (HR) ceased to be a Director of the Company w.e.f. 01 April 2021 upon his superannuation on 31 March 2021 from the services of GAIL.
Further, Manoj Jain, Chairman & Managing Director (CMD) has been entrusted with additional charge of the post of Director (HR) w.e.f. 01 April 2021.
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