The Supreme Court Collegium has reiterated its recommendation to elevate Advocate Monnappa Poonacha as Judge of the Karnataka High Court. The decision was taken at a meeting of the Collegium held on February 01. The Supreme Court Collegium had first recommended the appointment of Poonacha as the judge of Karnataka High Court in October 2021. The file was returned by the Central government to the Collegium which chose to reiterate its recommendation.
SC Collegium recommends elevation of six Judicial Officers as Judges, Delhi HC
The Supreme Court Collegium has recommended the elevation of six Judicial Officers as Judges of the Delhi High Court. The decision was taken at a meeting of the Collegium held on February 01.
They are ;
- Poonam A. Bamba
- Neena Bansal Krishna
- Dinesh Kumar Sharma
- Anoop Kumar Mendiratta
- Swarana Kanta Sharma
- Sudhir Kumar Jain
SC Collegium recommends elevation of seven Advocates & five Judicial Officers as Judges, Telangana HC
The Supreme Court Collegium has recommended the elevation of seven Advocates and five Judicial Officers as Judges of the Telangana High Court. The decision was taken at a meeting of the Collegium held on February 01.
The names of the seven Advocates are :
- Kasoju Surendhar @ K. Surender
- Chada Vijaya Bhaskar Reddy
- Surepalli Nanda
- Mummineni Sudheer Kumar
- Juvvadi Sridevi @ Kuchadi Sridevi
- Mirza Safiulla Baig
- Natcharaju Shravan Kumar Venkat
The names of the five Judicial Officers are :
- G Anupama Chakravarthy
- M G Priyadarshini
- Sambasivarao Naidu
- A Santosh Reddy
- Dr. D. Nagarjun
MP : Eight IAS officers transferred, 4 Districts get new Collectors
The Madhya Pradesh government on Tuesday (01.02.2022) issued transfer and posting orders of eight IAS officers across the state.
The names of the officers and their postings are as follows :
- Sanjay Gupta (IAS:2007:MP) : OSD-cum-Commissioner-cum-Registration, Cooperative Societies and MD, State Cooperative Oilseed Growers Federations Limited, Bhopal.
- Ilayaraja T (IAS:2009:MP) : Collector, Jabalpur.
- Karmveer Sharma (IAS:2010:MP) : MD, Energy Development Corporation, Bhopal.
- Manoj Pushp (IAS:2011:MP) : Collector, Rewa.
- Rishi Garg (IAS:2013:MP) : Collector, Harda.
- Raghavendra Singh (IAS:2013:MP) : Collector, Alirajpur.
- Neha Meena (IAS:2014:MP) : Additional Collector, Neemach.
- Himanshu Chandra (IAS:2015:MP) : CEO, Zila Panchayat, Shahdol.
Rajasthan : Jaswant Singh Rathi appointed as Chairman of RPSC
The Rajasthan government on Tuesday (01.02.2022) appointed as Jaswant Singh Rathi as the acting chairman of Rajasthan Public Service Commission (RPSC). Rathi, Member of RPSC, replaces Shiv Singh Rathore who completed his term on Saturday (29.01.2022).
Prior to Shiv Singh Rathore, the past was being held by retired IPS officer Bhupendra Singh Yadav who completed his term nearly two months ago. Rathore had been RPSC chairman for two months.
Excellence in Corporate Social Responsibility” Awards 2021 for NTPC
NTPC Limited the largest power Utility of the country has been conferred “Excellence in Corporate Social Responsibility” in the prestigious CII-ITC Sustainability Awards 2021, consecutive 2nd time in a row. This is the highest award conferred by CII-ITC. This award recognises companies that have positively impacted both business and society by taking a strategic approach to CSR through collaborative programmes with government and civil society.
Shri Dillip Kumar Patel, Director(HR) received this coveted Award on 31st January 2022 in an online ceremony for NTPC. The Chief Guest of the occasion was Shri Rao Inderjeet Singh, Union Minister of State, Independent Charges) Ministry of Statistics & Program Implementation, Ministry of Planning & Union Minister of State, Ministry of Corporate Affairs.
Addressing the august presence, Director(HR) shared NTPC’s commitment towards Sustainable CSR Practices with its value proposition towards society and its empowerment.
The journey to “Excellence” is due to the strategic vision of NTPC Management and its commitment towards CSR implementation.
NTPC Sipat, NTPC Tanda, NTPC Talcher, NTPC Kudgi NTPC Rihand and NTPC Aravali were also awarded by CII-ITC for their significant efforts towards sustainable development on the occasion.
Punjab : Four IAS officers shifted
The Punjab government on Monday (31.01.2022) issued transfer and posting orders of four IAS officers across the state.
The names of the officers and their postings are as follows :
- Keshav Hingonia (IAS:2012:PB) : Commissioner, Municipal Corporation, Patiala.
- Amrit Singh (IAS:2014:PB) : Chief Administrator, Jalandhar Development Authority, Jalandhar.
- Aaditya Dachalwal (IAS:2016:PB) : Additional Commissioner, Municipal Corporation, Ludhiana with additional charge of Additional Deputy Commissioner, Khanna.
- Sagar Setia (IAS:2017:PB) : Additional Excise & Taxation Commissioner, Patiala with additional charge of Additional Commissioner (Excise), Patiala.
NTPC declares Q3/9M FY22 Unaudited Results PAT (YoY) up by 12.91% (Standalone) & 13.96% (Consolidated)
The Country’s largest power generator- NTPC Ltd., with a present group installed capacity of 67,757.42 MW, declared the unaudited financial results for Q3/9M FY22 on 29 January 2022.
NTPC group has recorded gross generation of 87.92 Billion Units in Q3 FY22 and 264.70 Billion Units in 9M FY22 as against 76.53 Billion Units and 222.41 Billion Units during the previous corresponding periods of last year registering an increase of 14.88% and 19.01% respectively. On standalone basis, the gross generation of NTPC for Q3 FY22 was 72.70 Billion Units and in 9M FY22 was 219.26 Billion Units as compared to 65.42 Billion Units and 193.28 Billion Units in the corresponding previous periods registering an increase of 11.13% and 13.44% respectively. Coal stations achieved a Plant Load Factor of 68.95% as against National Average of 57.02% during the 9M FY22.
On standalone basis, Total Income was ₹ 29,837.13 crore in Q3 FY22 and ₹ 85,912.38 crore in 9M FY22 as against ₹ 25,268.56 crore and ₹ 75,312.89 crore during the previous corresponding periods of last year. PAT was ₹ 4,131.99 crore in Q3 FY22 and ₹ 10,489.53 crore in 9M FY22 as against ₹ 3,315.34 crore and ₹ 9,290.30 crore during the previous corresponding periods of last year, registering an increase of 24.63% and 12.91% respectively.
On consolidated basis, Total Income was ₹ 33,783.62 crore in Q3 FY22 and ₹ 97,269.89 crore in 9M FY22 as against ₹ 28,387.27 crore and ₹ 83,859.59 crore during the previous corresponding periods of last year. PAT was ₹ 4,626.11 crore in Q3 FY22 and ₹ 11,760.78 crore in 9M FY22 as against ₹ 3,876.36 crore and ₹ 10,319.91 crore during the previous corresponding periods of last year, registering an increase of 19.34% and 13.96% respectively.
The Board of Directors has approved an interim dividend for FY22 @ 40% of paid-up share capital i.e. ₹ 4/- per equity share of face value of ₹10/- each.
CMDE Rajiv Ashok selected as MD, NERAMAC
CMDE Rajiv Ashok has been selected as Managing Director, North Eastern Regional Agricultural Marketing Corporation Ltd (NERAMAC) at a Public Enterprises Selection Board (PESB) meeting held on February 01, 2022. Presently, he is Commodore, Navy.
The following 04 applicants were interviewed in the selection meeting :
- Malay Mandal, Additional General Manager, MSTC LTD
- K V Balakrshnan, Company Secretary & ED (Finance), Fertilizers & Chemicals Travancore Ltd
- Anurag Danayak, Deputy General Manager, Indian Oil Corporation Ltd.
- CMDE Rajiv Ashok, Commodore, Navy
BPCL Q3 FY22 : Standalone net profit of Rs. 2462.45 Crore
- The consolidated net profit for 9MFY22 was Rs. 8,878.76 crore as compared to Rs. 6,677.89 Crore in 9MFY21, an increase of 33%
- New segments of electric mobility, petchem, biofuels, natural gas, consumer retailing and upstream to drive Company’s robust & sustainability next phase of growth
Bharat Petroleum, the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has posted standalone net profit of Rs. 2,462.45 crores in Q3 FY22 as compared to Rs. 2,777.62 Crore in the corresponding qtr of FY21, a decrease of 11%. The standalone net profit for the 9 months of FY 22 was Rs.6,658.20 Crores as compared to Rs.7,101.54 Crores in the corresponding 9 months of FY 21, a decrease of 6%.
The company has posted consolidated net profit of Rs 2,805.09 Crore in Q3FY22, as compared to Rs 1,900.63 Crore in the corresponding quarter of previous year. For the 9 months ended December 31, 2021, the Company reported consolidated net profit of Rs. 8,878.76 Crore as against Rs. 6,677.89 Crore in 9 months of FY21.
Board of Directors also declared a second interim dividend of Rs 5 per share for the Financial Year 2021-22. The Board fixed Friday, February 11 as the record date to determine the eligibility of the shareholders to receive the dividend.
Other major highlights of the standalone financial results are given below –
Quarterly:
- Revenue from operations was at Rs. 118,536.76 Crores as against Rs. 86,579.95 Crore in Q3FY22.
- EBITDA was at Rs. 4,895.61 Crore in Q3FY22 as compared to Rs. 5,400.84 Crore in Q3FY21; EBITDA margin was at 4.13 % in Q3FY22 as against 6.24% in Q3FY21.
- Company’s gross refining margins (GRMs) for the period stood at US$ 9.68 per barrel for Q3FY22 as against US$ 2.47 per barrel in Q3FY21.
9 Months:
- Revenue from operations was at Rs. 309,855.55 Crores in 9MFY22 as against Rs. 203,109.36 Crore in 9MFY21.
- EBITDA was at Rs. 13,681.26 Crore in 9MFY22 as compared to Rs. 14,209.18 Crore in 9MFY21; EBITDA margin was at 4.42% in 9MFY22 as against 7.00% in 9MFY21.
- Company’s gross refining margins (GRMs) for the period stood at US$ 6.78 per barrel for 9MFY22 as against $2.90 per barrel in 9MFY21.
Physical Performance
- The market sales of the corporation for the nine months ended December 2021 was 30.69 MMT as compared to 27.57 MMT achieved during the nine months ended December 2020. The increase is mainly in MS-Retail (16.71 per cent), HSD-Retail (7.81 per cent) and ATF (43.52 per cent)
- BPCL added 419 New Fuel Stations in Q3FY22, taking their network strength to 19,667.
- 107 CNG Stations commissioned in Q3FY22 taking total strength to 794.
- BPCL added 10 new distributors in Q3FY22 and 28 in 9MFY22, taking LPG distributor network strength to 6191 and the customer base increased to 8.80 Crore with enrollment of 20.31 lakh customers in Q3FY22 and 36.82 lakh customers in 9MFY22.
Commenting on Q3FY22 performance, Shri V.R.K. Gupta, Director Finance said, “With normalization of business and fuel demand rising, this quarter has seen growth in market share of MS and HSD. We are witnessing good growth in overall petroleum products sales closer to pre-pandemic levels which has helped us to cross Rs. 3 lacs crore revenue for nine months for the first time in history of BPCL. Increase in cracks of major petroleum products in international market coupled with refinery running at full capacity helped us to report stupendous refinery margins. With commissioning of our third unit of PDPP in December 2021, all our PDPP units in Kochi are fully commissioned.”
About Bharat Petroleum Corporation Ltd. (BPCL) :
Fortune Global 500 Company, Bharat Petroleum is the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.
Bharat Petroleum’s Refineries at Mumbai & Kochi and subsidiary Bharat Oman Refineries Ltd., at Bina, Madhya Pradesh have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations, and LPG distributors. Its distribution network comprises over 19,500 Energy Stations, over 6,100 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 53 LPG Bottling Plants, 60 Aviation Service Stations, 3 Lube blending plants, and 4 cross-country pipelines.
Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over the next 5 years.
With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a roadmap to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering with communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building, and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.
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