During one of the investigation, it was discovered that most of the new contractors visited the office to inquire about the empanelment procedure since they were unaware of its existence. The vigilance department suggested standardizing the format for empanelment across all projects and putting it in public domain. A study was conducted to evaluate the effectiveness of the current write-off technique for reconciling the handling losses against the issue of Motor Spirit and High-Speed Diesel at Projects. It was observed that the conventional method of recording and calculating the losses was incongruent with recent technological developments.
The system was initially supplied by M/s YASKAWA, Japan and is in operation till date and has become obsolete. The System was installed last year (FY 21-22) during rainy season and it was found that the vision for dumper operation needs further improvement. Accordingly, further intensive lab test and R & D activities have been undertaken for improvement in the system which will be tested during forthcoming monsoon in the month of July-Aug22.
It has been envisaged that the SPV being set up at these states would act as a facilitator and developer for the steel plant. It would acquire the required land, obtain statutory clearances for setting up the plant, organize water & power allocation for the site, along with dedicated raw material supply agreement. On completion of the above activities, the SPV would invite for suitable investor/s, who would construct, develop and operate the steel plant. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. In terms of notification dated 5th June, 2015 and 13th June, 2017 issued by Ministry of Corporate Affairs, Govt. Of India, Government Companies have been exempted from applicability of some of the provisions /sections of the Companies Act, 2013 inter alia Sub-sections , & of Section 178 regarding appointment, performance evaluation and remuneration.
The Board of Directors at its 532nd meeting has inter alia accorded in-principle approval for demerger of NMDC Iron & Steel Plant , Nagarnar. Your Directors are pleased to present the 64th Annual Report on the performance of your Company, together with the Audit Report and Financial Statements for the year ended 31st March 2022 and the Report thereon by the Comptroller and Auditor General of India. Oaktree Specialty Lending Corporation shares has a market capitalization of $ 1.575 B. Your Directors acknowledge the support extended by the valued and esteemed international and domestic customers, Shareholders stakeholders, MMTC, Chennai Port Trust, Visakhapatnam Port Trust, Railways and other Departments of the Central and State Governments. We believe that oui long-term success is dependant on our domestic customer relationship and responsiveness. We will do everything possible to provide our customers better, timely and value added services.
10 stocks poised to outperform on record buybacks of Arrangement between NMDC Limited and NMDC Steel Limited and their respective shareholders and creditors . Please read all scheme related documents carefully before investing. Oaktree Specialty Lending Corporation is listed on the NASDAQ stock exchange. Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet.
- The success of your Company is due to the commitment and dedicated efforts of the managers and employees at all levels.
- • NMDC Corporate HRD department plays a vital role in enabling its workforce to deal with market uncertainty and ensure its businesses can continuously innovate.
- In the first phase replacement of medium voltage switchgears and cables and in the second phase the present proposal has been taken up.
- Out of 150 km of planned doubling of railway line, 76% of work has already been completed & the project is likely to be completed by FY24.
- Yes, you can buy fractional shares of Oaktree Specialty Lending Corporation with Scripbox.
Pre-commissioning activity has been started with heating of Coke-Oven battery. MECON has been awarded with the job of O&M (Operation & Maintenance) of plant during commissioning and subsequent operation of the plant. Thrust to tap renewable energy sources, 1 MW capacity grid connected Roof Top Solar power plants are installed in various production units of NMDC (Bailadila Iron Ore Mine, Kirandul Complex & Bacheli Complex and Donimalai Iron Ore Mine, Donimalai Complex) and are in operation. With this, NMDC has joined other major corporates in harnessing solar power which has assumed a greater significance in recent times. Further tender for Supply, Installation, and Commissioning of 425 kWp Roof Top Solar Power Plant in Bacheli Complex, Dantewada, CG was also awarded in Feb-22.
Oaktree Specialty Lending Corporation Tops Q4 EPS by 2c
Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. The Report on CSR inter alia, outlines details of CSR Policy and various CSR initiatives of the company for the year under review. During the year under review, two meetings of the Board level Risk Management Committee were held.
Waste mining and increase in evacuation capacity being a major area of focus for enhancing the life of mines, the schemes like beneficiation plant at Bacheli & Kirandul and Slurry pipeline from Bacheli to Nagarnar has been taken up. The decision to construct the NISP was taken keeping in view with linkage with iron ore reserves and availability of investable surplus. NISP has progressed significantly further than the other Steel SPVs.
The employees PC at work or at home becomes a personal training center. It can help to cut the cost of training by providing more learners with easier access to training measures. They are equipped with infrastructure as required under Mines Vocational Training Rules. These centers cater to the needs of basic training, refresher training and training for skilled workers and also for those injured on duty.
In each mining project of NMDC sufficient number of workmen inspectors are nominated/appointed for mining operations, mechanical and electrical installations as per statutory requirements. Geological mapping, Geophysical Surveys and Geochemical Mapping completed in 5 potential sub-blocks. To establish the quantity and grade, a total of 964 meters of core drilling carried out. The State of the art 3.0 MTPA steel plant at Nagarnar is at advanced stage of construction completion and reaching its commissioning phase. Conducting cold trial, preliminary Acceptance Test etc of individual as well as integrated test of equipment under various Technological packages are in progress as pre-commissioning activities.
It has a hold size of up to $75 million and may underwrite transactions up to $100 million. Besides the expansion plan, the SMP also envisaged the introduction of systemic interventions in six strategic transformation areas – Business, Operations, Sustainability, Capital Projects, Human Resource and IT. NMDC has implemented an ERP system across all projects & steel plant in FY21, License-to-Operate (the computer-based model in which all the statutory approvals will be brought under one umbrella). Implementation of Mines Transport Surveillance System – Weighbridge automation/ Virtual Fencing/ Geo-Fencing/ GPS/ Proximity Warning Device for dumpers/ CCTV Surveillance/ Wireless Networking has been completed at Donimalai.
As on 28th Apr 2023, the P/E ratio for Oaktree Specialty Lending Corporation shares is null. Yes, you can buy fractional shares of Oaktree Specialty Lending Corporation with Scripbox. Yes, you can buy Oaktree Specialty Lending Corporation shares in India by simply opening an account with Scripbox. Oaktree Specialty Lending Corporation reported Q4 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $79.18 million versus the consensus…
Oaktree Specialty Lending (OCSL) Earnings Expected to Grow: Should You Buy? – Yahoo Finance
Oaktree Specialty Lending (OCSL) Earnings Expected to Grow: Should You Buy?.
Posted: Tue, 31 Jan 2023 08:00:00 GMT [source]
HR functionalities have been made available to employees through Employee Self Service . Management Dashboard for Production, Iron Ore Sales/ Dispatches and CSR has been launched and the same for other functionalities will be made functional shortly. Ministry of Coal has allocated two Coal Blocks namely Tokisud North Coal block & Rohne Coal Block on 17th March 2020 for commercial sale & captive purposes. NMDC has appointed MDO for Tokisud North Coal Block and plans to start its operations in FY23. The Quarterly Review-cum-Coordination meeting of the Vigilance dept. with CVO was held in June 2021 at Hyderabad, in September 2021 at Raipur, in December 2021 at Hospet and in March 2022 at Hyderabad for the first quarter, second quarter, third quarter and fourth quarter respectively.
About the company
In addition to this, workshops on E-Tendering and use of GeM Portal and Statutory compliances and Contract labour management were conducted as a part of VAW-2021. Awareness and sensitization programmes on use of PIDPI for employees, school / college children and other stakeholders were conducted at Head Office/ Regional Offices & all Projects. All the winners / participants of various activities / competitions were given away the prizes during the Valedictory Function held on the concluding day of VAW-2021 on 1stNov, 2021 at HO and all Projects. The contractors were empaneled for various types and values of works based on eligibility criteria at respective projects of the Corporation.
Ares Capital’s NAV, Valuation, And Dividend Vs. 14 BDC Peers … – Seeking Alpha
Ares Capital’s NAV, Valuation, And Dividend Vs. 14 BDC Peers ….
Posted: Wed, 21 Dec 2022 08:00:00 GMT [source]
Mt Celia is reaching Pre-feasibility Stage and Mt Bevan has defined https://1investing.in/ resources. Legacy Iron Ore Ltd is an ASX listed entity based in Perth, Australia with a focus on Gold, Iron ore and base metals. Complete refurbishment of all Switchgears, different types of cables, control room, LTMCC, upgradation of RLC with latest automation has been taken up in two phases. In the first phase replacement of medium voltage switchgears and cables and in the second phase the present proposal has been taken up. Crushing Plant & DH-14 of Kirandul Complex was commissioned in the year 1966 and the existing electrical control system for process is based on Relay Logic Circuit .
The said training programs on Preventive Vigilance is being arranged every month at NMDC in compliance of CVC guidelines, covering Induction level and mid-career level executives of HO, ROs and all Projects. Keeping in view the present scenario of the pandemic, the sessions for training on PV has been arranged through Hybrid mode, i.e., through off line class-room mode at few locations like Head office and through online relay under the concept of extended classrooms at remote locations & Projects. A total of 56 trainees/ new inductees were covered for the Induction level training and 408 trainees/mid-level executives were covered under mid-career level training in the training programmes conducted under the Preventive Training Module as suggested by CVC. Vigilance department made allout efforts for E-Procurements through online e-procurement platforms like MSTC, GeM etc. and it has now been ensured at NMDC that all tenders of value 2 lakhs and above shall be floated / issued through E-Procurement platform. In this regard, Vigilance dept. is regularly creating awareness by intimating fresh guidelines issued by statutory authorities / agencies and advising/ involving the concerned departments for compliance.
- Official Language Technical Seminars were held at Kirandul Complex, Bacheli Complex and Diamond Mining Project, Panna and magazines of technical articles were published in Hindi.
- NMDC has appointed MDO for Tokisud North Coal Block and plans to start its operations in FY23.
- The system was initially supplied by M/s YASKAWA, Japan and is in operation till date and has become obsolete.
- All the blocks were explored successfully and Geological Reports were submitted to NMET & concerned State Governments.
- The time line for completion of all modules except Health Monitoring System is 9 Months.
Of Madhya Pradesh issued Gazette Notifications of 3 iron ore prospective blocks, 20 diamond prospective blocks and 1 for various minerals prospective which are applied under MoU for exploration and subsequent reservation. To augment the evacuation capacity from Bailadila sector, many projects & schemes are taken up like doubling of KK line. Government of India has charted a road map to augment Indias steel production to 300 MTPA by 2025. To fulfill this vision, green-field steel plants are being promoted through Special Purpose Vehicles (“SPVs”) in mineral rich states of Chhattisgarh, Jharkhand, Karnataka and Odisha.
Rajbhasha half yearly house journal of Headquarter “Khanij Bharati” and various Hindi/bilingual/tri- lingual magazines namely, Baila Samachar, Bacheli Samachar, Doni Samachar, Heera Samachar were also published from the projects and units of NMDC. With the objective of improving transparency in procurement, NMDC had entered into MOU with Transparency International India for implementation of Integrity Pact Programme during September 2007. NMDC is the first Mining Navratna Company which entered into Integrity Pact Programme in the year 2007. Periodical Medical Examination under statute is carried out regularly in all the projects.
In Screening Plant-III project at Kirandul the site work in packages like site development package, MRSS packages, Dry circuit and RWLS are in progress. Since there was no positive response from the State Govt, the company has suspended its operations from 4th November 2018 and moved to the Honble High Court of Karnataka praying for a suitable direction in the matter. The Honble High Court of Karnataka in its judgement dated 10th July 2019 has passed an order setting aside the condition imposed for levying 80 % premium.
A JV Company (NMDC 60% & JSMDC 40%), Jharkhand National Mineral Development Corporation Limited has been incorporated at Ranchi. DMG, Govt of Jharkhand has granted PL for iron ore & Manganese in Sasangada NE area in favour of JNMDC Ltd for a period of 3 years. Due to delay in grant of forest permission, drilling could not be carried out in the lease period. As suggested by Ministry of Mines, Govt of India, JNMDC requested the Secretary, Dept of Industries Mines & Geology, GoJ, for reservation of Sasangada Iron ore and Manganese deposit under Section 17A of MM(D&R) Amendment Act 2015 for grant of Prospecting and Exploitation. The present proposal caters to increase in the efficiency, productivity, storage of historic data in easily retrievable format, improving reliability of operation, having diagnostics, centralized control and integration with other plants & ERP .
View the OCSL premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Oaktree Specialty Lending Corp real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the OCSL quote.
Traditional classroom training ties up time and resources, takes employees away from their day- to-day tasks, and drives up expenses. Monthly Hindi competitions were held in all production projects to promote the use of official language. During the year, Hindi Workshops were organized online in every quarter at headquarters and various projects. Meetings of the Official Language Implementation Committee were held on-line every quarter at headquarters and projects. NMDC R&D centre is dedicated to undertake product and technology development projects related to ores, minerals and steel making to maintain its excellence in process performance.
There is also progress in the construction of the fifth line in Screening Plant Dep-5 & up-gradation of the downhill conveyor system in BIOM Bacheli Complex. Rapid Wagon Loading System (RWLS-I) and New Screening Plant (SP-III) at BIOM Kirandul Complex are under construction. Further, NMDC is planning to enhance the EC capacities of mines in the mining complexes of Bailadila and Donimalai. Your Company is carrying out greenhouse gas accounting studies for the three iron ore mining projects, environmental monitoring studies covering all environmental attributes, ground water quality & water levels by recognized laboratories.
It involves figuring out newer ways to remain productive in a fast-changing landscape. But as both technological change and employee preferences evolve, keeping up to date with the required skills and more holistic ways of addressing such changes becomes an important means to ensure businesses remain sustainable. At the core of addressing such business needs, a robust learning culture is need of the hour.
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