#WAPCOS

[go-21newstv]

State-owned WAPCOS posts 20.44% jump in profit before tax, touches ₹95 crore in FY 2024–25

WAPCOS Limited, a Government of India Enterprise under the Ministry of Jal Shakti, has reported outstanding performance in FY 2024–25, reinforcing its reputation as a reliable partner in engineering-led development both within India and across the Global South, according to a statement released on July 23. With the un-audited figures of turnover of ₹1,680 crore (up 9.8 per cent) and Profit…

[govtjobsonly]

WAPCOS 2024 Recruitment: 275 Vacancies | Apply Now

WAPCOS Recruitment has unveiled a golden opportunity with 275 vacancies in various roles like Engineers and more. Eligibility criteria include holding a Diploma, B.Com, BE/B.Tech, or ME/M.Tech degree. Located in Kutch, Gujarat, this promises a dynamic work environment. Applications opened on April 12, 2024, and close on April 26, 2024, with no payment required. Don't miss this chance to kickstart your career journey with WAPCOS! Apply now!

[vsonker]

POWER DISTRIBUTION PROJECTS ACROSS INDIA

WAPCOS LIMITED WE ARE HIRING ENGINEERS/EXPERTS ON PROJECT TERM BASIS FOR UPCOMING POWER DISTRIBUTION PROJECTS ACROSS INDIA Position Finance Expert Field Engineer (Distribution infrastructure) CA/ICWA/CMA Educational Qualification Experience A post Qualification experience of atleast 7 Years in Financial Management & Analysis for Power infrastructure related works/m lar…

[nepalenergyforum]

Indian-Funded Raghughat Hydro Project in Nepal Makes Progress

Kathmandu, Sep 20, 2024  – The 40 MW Raghughat Hydropower Project, being constructed by Raghu Ganga Hydropower Ltd., a subsidiary of the Nepal Electricity Authority (NEA), is targeted for completion by the end of Ashar (mid-July 2025). This project, being built in Raghu Ganga Rural Municipality of Myagdi District, is being funded by the Government of Nepal, the NEA, and a concessional loan under…

[odnewsin]

Odisha Hydro Power Corp teams up with WAPCOS for pumped storage project consultancy

Bhubaneswar: The state-run Odisha Hydro Power Corporation (OHPC) Friday signed an MoU with central enterprise Water and Power Consultancy Services (WAPCOS) Ltd for project management for the upper Indravati pumped storage venture. The agreement was signed here in the presence of Deputy Chief Minister Kanak Vardhan Singh Deo and Development Commissioner Anu Garg for project management consultancy…

[kaawkaawnews]

जिले में विलुप्त हो रही नदियों को अस्तित्व में लाने के लिए जिलाधिकारी की पहल

#छपरा: जिलाधिकारी अमन समीर द्वारा भारत सरकार के जल शक्ति मंत्रालय के अधीन WAPCOS (जल एवं विद्युत परामर्श सेवा) के पदाधिकारियों एवं अपर समाहर्ता, सभी उप समाहर्त्ता, भूमि सुधार, सभी अंचलाधिकारियों तथा बाढ़ प्रमंडल के अभियंताओं के साथ एक बैठक की गयी. इस बैठक में सारण जिले में विलुप्त होने के कगार पर खड़ी जिले की 12 नदियों की चौड़ाई बढ़ाने व उन्हें पूर्ण रूप से अस्तित्व में लाने पर चर्चा की गयी. बता…

[all-india-govt-jobs]

WAPCOS Recruitment 2025 Apply for Hydrogeologist Post – Karmasandhan

WAPCOS Recruitment 2025: The WAPCOS Limited is inviting applications for the 01 position of Hydrogeologist on a fixed-term basis for the Atal Bhujal Yojna project. The position offers a monthly salary of ₹1,70,000. The candidate should have a Post Graduate degree in Geology or Hydrogeology and at least 15 years of experience in the water sector. Applicants must submit their applications by May…

[optionxpress]

Nigerian Cement Giants 2024: Boom or just price hikes?

The Nigerian cement industry witnessed a surge in revenue in 2024, with Dangote Cement, BUA Cement, and WAPCO (Lafarge Africa) all reporting impressive financial performances in 2024. However, beneath the surface of these soaring numbers lies a crucial question: Is this growth driven by genuine expansion in production and sales, or are cement makers simply capitalizing on higher prices? A…

[ambitiousbaba]

WAPCOS Expert Recruitment 2024-25

BSF ASI & HC Recruitment 2024-25 WAPCOS Limited (WAPCOS) has released the notification for the recruitment of the Post of Experts with various Vacancies. Candidates can check the eligibility criteria from the official notification and apply Online between 14 November 2024 to 15 January 2025. Here we are providing the detailed notification candidates can download and check the official website of…

[ghananetnews]

GRIDCo, ECG blame power outages on Tema thermal plant shutdown

The intermittent power outages being experienced in some parts of Ghana have been attributed to a disruption in operations at the Tema Regulatory & Metering Station, managed by the West African Gas Pipeline Company (WAPCo). Tourism packages This issue has led to the temporary shutdown of key thermal power plants in Tema, a major hub for Ghana’s energy generation. The announcement was made on…

[mbntv]

WAPCo to Begin Major Pipeline Maintenance and Inspection from November 25

Source: Clara Seshie | 23 November 2024, 12:44 PM The West African Gas Pipeline Company Limited (WAPCo) is set to commence a comprehensive maintenance and inspection exercise on its pipeline infrastructure starting Monday, November 25, 2024. This initiative is part of WAPCo’s regular maintenance schedule to ensure the safe and efficient operation of the West African Gas Pipeline…

[naija247new]

Niger Resumes Crude Oil Exports via Benin After Diplomatic Dispute

COTONOU, Aug 21 (Reuters) – Niger has resumed its crude oil exports through Benin following a resolution of a dispute that had halted oil flow through a Chinese-funded pipeline to the West African coast. The disruption began in May when Benin blocked exports in response to Niger’s refusal to lift a ban on imported goods from its coastal neighbor. The West African Gas Pipeline Company (Wapco),…

[actu24hp]

Togo, Bénin et Ghana : WAPCo baisse le volume de gaz importé du Nigéria

West African Gas Pipeline Company Limited (WAPCo) a annoncé lundi 17 juin 2024, la une réduction temporaire des volumes de gaz naturel transportés, en raison de travaux de maintenance chez l’un de ses principaux producteurs de gaz au Nigeria. Selon le communiqué de presse, l’un des producteurs de gaz de WAPCo a suspendu sa production pour des opérations de maintenance prévues pour durer trois…

[echosmedias]

Le Niger accuse le Bénin d'avoir "kidnappé" cinq de ses ressortissants

Le régime militaire nigérien a accusé samedi le Bénin d’avoir “kidnappé” cinq de ses ressortissants en mission dans ce pays pour contrôler le chargement de pétrole et “entend prendre toutes les dispositions” pour obtenir leur libération…Mercredi, une équipe de la société pétrolière chinoise Wapco-Niger (West African Pipeline Company) “en mission officielle de supervision des contrôles de…

[govtjobsonly]

WAPCOS Recruitment 2024: Apply for 72 Various Posts

WAPCOS Recruitment for 72 diverse positions, including Team Leader, Project Engineer, and Site Supervisor roles. Requirements range from diploma to postgraduate qualifications. Apply by March 27th for opportunities in Bengaluru, Karnataka.

[stoxboxindia]

Disinvestment Target: Can the government break the jinx?

Started in 1981, disinvestment is a process where the government sells a part or whole of its assets or a subsidiary, such as a central or state public sector enterprise, to private entities or the public. Disinvestment can be carried out through three modes vis-a-vis minority disinvestment, majority disinvestment, and complete privatisation.

The Department of Investment and Public Asset Management (DIPAM) handles the disinvestment procedures with a primary objective to improve public finances. The disinvestment may also be done to increase private ownership and improve the management and performance of the public sector enterprise.

In the past, the government has missed targets set for prior financial years, the most recent being the Rs 1.75 lakh crore target for FY22, which was revised downwards to Rs 78,000 crore in the revised estimates. The actual proceeds for FY22 were at a meagre Rs 14,638 crore, primarily owing to the disruptions caused by the Covid-19 pandemic.

For FY23 as well, the government missed the disinvestment target. The proceeds from the disinvestment came at Rs 46,035 crore in FY23, missing the revised target of Rs 60,000 crore. The government shelved the strategic disinvestment of Bharat Petroleum Corp, which was expected to bring in Rs 50,000-60,000 crore.

Learning lessons from the past and with general elections looming around the corner, the government has set a disinvestment target at Rs 51,000 crore for FY24, lower than the previous financial year.

For FY24, the government outlined plans to sell shares in IDBI Bank, Container Corporation of India, Shipping Corporation of India, and BEML. However, we believe that strategic sales would not go through at a great speed in FY24, as this is a pre-election year where the optics of this economic reform may not be seen in a popular light. The status of the various planned disinvestments are as below:

With almost five months into this financial year and the disinvestment plan yet to see the light of day, it is looking increasingly difficult for the government to come out of its track record of repetitively missing the targets.

To get closer to the Rs 51,000 crore target, we believe that the maximum will now have to come from offer for sale (OFS) or minority stake sales.

The government has garnered close to a combined Rs 5,500 crore through OFS in Coal India and RVNL in this financial year and is contemplating close to Rs 7,000 crore through an 11.4% OFS in IRFC going ahead.

Among the other major OFS planned in FY24, the government is looking at a 5-6% stake sale in Hindustan Zinc, 20% in National Fertilizers (NFL), 10% in Rashtriya Chemicals & Fertilizers (RCF) and a stake sale in RITES.

Apart from the OFS route, the government has other options up its sleeve, which include stake sales in NMDC Steel, HLL Lifecare, Vizag Steel, and Hindustan Zinc. Moreover, the government may remotely also consider listing companies such as the Indian Renewable Energy Development Agency (IREDA), National Seeds Corporation (NSC), and WAPCOS, a PSU in engineering consultancy and construction under the Ministry of Jal Shakti.

To sum up, we believe that unless major strategic sales happen, the government will not be able to meet the target this year as well. To overcome these challenges in the long term, the government must address multiple issues that mostly derail the disinvestment plans and are mostly related to labour unions, land titles, leases, land use, and excess manpower.

Also, the government must find ways to enhance the attractiveness of public sector stocks which usually suffer from the preconceived notion of abrupt policy changes, weak operational metrics, and sub-par corporate management. In all the gloom surrounding the disinvestment targets, the fiscal deficit target of 5.9% for the current year is not likely to be exceeded as surplus funds from non-tax sources will help bridge the gap.

(The author is the Head of Research at StoxBox)