Gujarat State Fertilizers - Change in Directorate.
Gujarat State Fertilizers & Chemicals Ltd has informed about the following changes in Board of Directors :
1. Dr. Manjula Subramaniam, IAS (Retd.), ceased as Chairperson & Director of the Company w.e.f. October 17, 2008.
2. Shri. D Rajagopalan, IAS, Director of the Company appointed as Chairman of the Company w.e.f. October 17, 2008.
Dabhol plant output down 25% due to snag.
A turbine collapse at India's biggest gas-fired power plant has reduced output by a quarter, power secretary Anil Razdan said on Monday.
The Dabhol power plant in Maharashtra has annual capacity of 1,200 megawatt but is now running at 900 megawatt, he said.
Nifty above 3000; Sterlite Industries top gainer.
Equities continued with its upward march on Monday following surge in Asian markets after China announced a stimulus package. Metals, power and capital goods were the top gainers.
China announced a huge 4-trillion yuan ($586 billion) stimulus package. Out of which 100 billion yuan, earmarked for this quarter, will be spent on low-rent housing, roads, railways and airports and infrastructure in rural areas. The funds, equivalent to almost a fifth of China's gross domestic product last year, will be used by the end of 2010, the State Council said.
NTPC southern plants doing well.
Simhadri Super Thermal Power Station has achieved 104 per cent plant load factor during October, according to Ambarish N. Dave, Regional Executive Director (South) NTPC Ltd. Speaking after distributing the ‘NTPC Long Service Awards’ at a function to mark the 34th Raising Day of the company held here recently, Dave said NTPC’s plants in the Southern region had achieved record generation over the years. Ramagundam Super Thermal Power Station was also generating power consistently at a very high plant load factor.
