The board of has appointed Chairman-cum-Managing Director (CMD) B Sairam as the company’s Chief Executive Officer (CEO), in a move that streamlines top-level leadership amid rising production targets. The decision was taken at the board meeting held on Friday. Sairam’s dual role as CMD and CEO underscores the Centre’s push for agile management in the coal behemoth, which accounts for over 80 per cent of the country’s domestic coal production.
State-owned NBCC on Friday said it will receive a 21.23-acre land parcel in south Delhi as its share following the settlement of a dispute with the Delhi government, and will develop a mixed-use real estate project on this site with an estimated revenue of about Rs 8,500 crore. NBCC will have to pay Rs 220 crore to the Delhi government. In a regulatory filing on Friday, NBCC informed that “a settlement has been reached between and the Government, NCT of Delhi (GNTCD) to resolve the long pending litigation regarding a land admeasuring 42.46 acres in Sultanpur/Ghitorni village in Delhi.” As per the settlement, the 42.46-acre Ghitorni land will be divided equally between NBCC and the state government.
has received a work order from the Ministry of External Affairs for Project Implementation Services to establish a Data Centre within the existing building of the Ministry of Foreign Affairs (Mofa) in Addis Ababa, the Federal Democratic Republic of Ethiopia. The size of the order as per the work order is Rs 19,83,74,494.