Biz Updates: GAIL receives Hydrogen Company of the Year award; BHEL receives big order
New Delhi| GAIL (India) Limited has been awarded the Initiatives in Promoting Hydrogen Company of the Year Award at the FIPI Oil & Gas Awards 2023. This award was presented by Union Petroleum and Natural Gas Minister Hardeep S Puri to GAIL CMD Sandeep Kumar Gupta. GAIL has been given this award for its significant contribution in the field of hydrogen and progress in research and development. GAIL has received this award for implementing the 4.3 TPD Green Hydrogen Pilot Project in Vijaypur (Madhya Pradesh).
BHEL has received an order for an important project of Power Grid Corporation of India Limited (POWERGRID). The project is for installation of +800 kV, 6000 MW HVDC link between Khawda (Gujarat) and Nagpur (Maharashtra). In this project BHEL will supply converter transformers, shunt reactors, filter bank capacitors, MV switchgear and instrument transformers. In addition, the company will design, supply and install a mega-sized 765/400 kV power evacuation system at Nagpur Terminal.
Under Digital Life Certificate (DLC) Campaign 3.0, 1.3 crore life certificates were digitally generated. From November 1 to 30, the campaign was launched to simplify the process for pensioners across the country. The Personnel Ministry has said that this campaign was launched to make it easier to submit digital life certificates especially for very senior pensioners.
Foreign direct investment (FDI) in the country increased by 45 per cent year-on-year to reach $29.79 billion in the April-September period of the current fiscal year due to good investment in the services, computer, telecommunications and pharma sectors. FDI inflows in the same period of the last financial year were $20.5 billion. At the same time, $13.6 billion of FDI came into the country in the July-September quarter, which is about 43 per cent more than $9.52 billion in the same period a year ago. Major countries from which FDI equity inflows have increased in April-September include Mauritius, Singapore, USA, Netherlands, UAE, Cayman Islands and Cyprus. Flows from Japan and Britain declined. Maharashtra received the highest investment of $13.55 billion in April – September. Karnataka is in second place with $3.54 billion.
