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Trade Talk

Tata Power base

Tata Power, the country’s largest integrated power company, on August 6 announced an hike in its customer base by around 6 per cent in financial year 2013-14 as compared to 2012-13. In April 2014, the company’s pan-Indian customer base crossed the 1.9 million landmark, driven mostly by changeover and direct consumers in Delhi and Mumbai. Anil Sardana, managing director of Tata Power, stated: “Tata Power pioneered electricity generation in India nine decades ago. Living by the vision of its founders, Tata Power aims to consistently meet the ever-growing power needs of consumer with efficient transmission and distribution of energy, superior class of services and constant technology upgrade. The company is committed to lighting up lives for generations to come.” As of now, it has the power generation capacity of 8,613MW from fuel sources such as thermal (coal, gas and oil), hydroelectric power, renewable energy and waste heat recovery

SAIL profit up

SAIL earned profit before tax (PBT) of Rs 613 crore and profit after tax (PAT) of Rs 530 crore during the first quarter of 2014-15, between April to June. The public sector major clocked 18 per cent growth over last fiscal year’s corresponding period (Rs 521 crore PBT and Rs 451 crore PAT), said a release of the Research and Development Centre for Iron & Steel (RDCIS) at Ranchi. The release of the corporate R&D unit of SAIL added that the net worth of the company rose to Rs 42,980 crore on June 30 this year, compared to Rs 41,476 crore on the same day last year. One of the Maharatna companies, SAIL reported better sales growth and lower raw material cost in this first quarter of 2014-15 compared to the corresponding period in the previous fiscal

Uninor challenge

Telecom provider Uninor announced Internet for All (IFA) Challenge 2014 and invited people in the age group of 18-25 to take part in it. IFA Challenge 2014 will select two youths with innovative tech ideas aimed at addressing major social challenges. Selections will be conducted through preliminary and final rounds. At the final round, the winner will get a free trip to Oslo and Rs 1 lakh and the first runner-up Rs 50,000. The duo will qualify for the Telenor Youth Summit in association with Nobel Peace Centre at Oslo in Norway later this year

Corporate boost to lifeline

Keeping a tradition alive that began in Mumbai 27 years ago, the Ranchi branch of Godrej & Boyce Manufacturing Company Limited organised a blood donation camp in Ranchi on August 9 at their Pandra complex in association with the local branch of Indian Red Cross Society. The drive resulted in the collection of 31 units