Latest news with #NGC
Business Recorder
8 hours ago
- Business
- Business Recorder
Shahid Nazir made NGC managing director
LAHORE: The Board of Directors of the National Grid Company (NGC) of Pakistan Limited (formerly NTDC), in its 297th meeting, has approved the appointment of Engr Muhammad Shahid Nazir as the Managing Director of NGC. A formal notification has been issued in this regard. Prior to this appointment, Engr Shahid Nazir was serving as the General Manager Project Delivery (North) at NGC. He brings over 32 years of experience in the power transmission sector and has been instrumental in the execution of several key power transmission projects. Engr. Shahid Nazir holds a Bachelor's degree in Electrical Power Engineering from the University of Engineering and Technology (UET) Lahore, a Master's degree in Electrical and Electronic Engineering from the University of South Asia, Lahore and an MBA in Finance from the University of the Punjab, Lahore. Throughout his distinguished career, he has played leading roles in major projects such as the Matiari-Lahore Transmission Line under the China-Pakistan Economic Corridor (CPEC) and the Dasu Transmission Line Project, where he served as Chief Engineer. He has also represented Pakistan abroad on deputation. His appointment follows the retirement of Engr. Muhammad Waseem Younas, who completed his term as Managing Director yesterday (Thursday). On his final day, Engr Waseem Younas met with NGC officers and staff, expressing his best wishes and appreciation for their support. Engr Shahid Nazir has been assigned with the role of Managing Director on stop-gap basis and will serve in this capacity until a permanent appointment is made. On appointment, talking to the officers and employees, Engr Shahid Nazir expressed his gratitude to the Board of Directors for their trust. He reaffirmed his commitment to ensuring timely completion of ongoing NGC projects. Copyright Business Recorder, 2025
Business Recorder
17 hours ago
- Business
- Business Recorder
Shahid Nazir appointed as managing director of NGC Pakistan
The Board of Directors of the National Grid Company (NGC) of Pakistan Limited (formerly NTDC), in its 297th meeting, has approved the appointment of Engr Muhammad Shahid Nazir as the Managing Director of NGC. A formal notification has been issued in this regard. Prior to this appointment, Engr Shahid Nazir was serving as the General Manager, Project Delivery (North) at NGC. He brings over 32 years of experience in the power transmission sector and has been instrumental in the execution of several key power transmission projects. Nazir holds a Bachelor's degree in Electrical Power Engineering from the University of Engineering and Technology (UET) Lahore, a Master's degree in Electrical and Electronic Engineering from the University of South Asia, Lahore and an MBA in Finance from the University of the Punjab, Lahore. NGC BoD constitutes restructuring body to oversee transition Throughout his distinguished career, he has played a leading role in major projects, including the Matiari-Lahore Transmission Line under the China-Pakistan Economic Corridor (CPEC) and the Dasu Transmission Line Project, where he served as Chief Engineer. He has also represented Pakistan abroad on deputation. His appointment follows the retirement of Engr Muhammad Waseem Younas, who completed his term as Managing Director on Wednesday. On his final day, Younas met with NGC officers and staff, expressing his best wishes and appreciation for their support. Shahid Nazir has been appointed as Managing Director temporarily and will serve in this capacity until a permanent appointment is made. On appointment, talking to the officers and employees, Engr Shahid Nazir expressed his gratitude to the Board of Directors for their trust. He reaffirmed his commitment to ensuring the timely completion of ongoing NGC projects.
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Business Standard
a day ago
- Business
- Business Standard
What's behind the 157% surge in Garden Reach Shipbuilders from March low?
Garden Reach Shipbuilders & Engineers (GRSE) share price today Garden Reach Shipbuilders & Engineers (GRSE) shares hit a new high of ₹3,031 on the BSE today, as they rallied 5 per cent in Thursday's intraday trade on a healthy business outlook. In the past three weeks, the stock price of the state-owned shipbuilding company has surged 71 per cent after it reported strong earnings for the quarter ended March 2025 (Q4FY25). GRSE share price has more-than-doubled, zooming 157 per cent, from its three-month low price of ₹1,180.10 which it touched on March 3, 2025. At 10:38 AM, GRSE shares were quoting 3 per cent higher at ₹2,974.10 as compared to 0.05 per cent rise in the BSE Sensex. GRSE Q4 results In the March 2025 quarter (Q4FY25), GRSE's revenue from operations moved up from ₹1,015 crore to ₹1,642 crore, registering a growth of 62 per cent year-on-year (Y-o-Y). Earnings before interest, taxes, depreciation and amortisation (Ebitda) moved up from ₹166 crore to ₹335 crore, registering a growth of 101 per cent Y-o-Y, and the profit after tax climbed from ₹114 crore to ₹244 crore, registering a 118 per cent growth Y-o-Y. This has been backed by a very strong physical performance, supported by an efficient and effective treasury management system, the management said. GRSE becomes L1 bidder for NGC Project On May 22, 2025, GRSE informed the stock exchanges that the company has bagged ₹25,000-crore order from the Indian Navy. "During the Commercial Negotiation Committee (CNC) meeting convened by the Ministry of Defence (MoD) for opening of commercial bids for the acquisition of eight Next Generation Corvettes (NGC) on May 21, 2025, the Commercial bids were opened and it was noted that GRSE became the lowest bidder (L1) for Construction of NGC for Indian Navy. The L1 bidder will be awarded five NGC ships at a likely value of more than ₹25,000 crore," GRSE said in an exchange filing. GRSE order book As on March 31, 2025, the company's order book stood at ₹22,652 crore. Further, despite the strong revenue accrual to the tune of nearly ₹5,000 crore, the management said the company managed to maintain the order book at ₹22,680 crore as on March 31, 2025. This comprises nine projects, consisting of 40 platforms, including 16 warships for the Indian Navy from 4 projects, three P-17 Alpha Frigates, 7 Anti-Submarine Shallow Watercraft, 2 Survey Vessels Large and 4 Next Generation Offshore Patrol Vessels. Meanwhile, the robust shipbuilding order pipeline, including large orders, such as the P-17 Bravo Frigates (eight units for ₹70,000 crore), the Next Generation Corvettes (NGC); eight units of ₹40,000 crore, project likely to be awarded in FY26, 18 next generation fast patrol vessels worth ₹3,000 crore, five next generation survey vessels worth ₹3,500 crore, 31 waterjet fast attack craft worth ₹3,000 crore, 12 mine countermeasure vessels worth ₹32,000 crore and several small projects of ₹1,500-₹3,000 crore. Elara Capital on GRSE According to analysts at Elara Capital, GRSE positively surprised on the top line in Q4FY25, led by execution ramp-up along with margin expansion due to operating leverage and provision reversal. Management reiterated its positive outlook with a strong order visibility, which will replenish order book from FY29. The company could be a potential beneficiary of the commercial shipbuilding thrust by the government, it said. The brokerage, however, has downgraded GRSE stock to 'Sell' from 'Accumulate' as growth is likely to peak in FY27. Besides, the stock has seen a sharp rally over the past three months, outperforming the Nifty index during the period. The brokerage firm expects an EPS CAGR of 2 per cent during FY25-28E with an average ROE of 26 per cent during FY26-28E. About Garden Reach Shipbuilders Garden Reach Shipbuilders & Engineers is a shipbuilding company operating under the Ministry of Defence. Headquartered in Kolkata, Garden Reach Shipbuilders plays a vital role in strengthening India's maritime capabilities, primarily focusing on the construction of sophisticated warships and vessels for the Indian Navy and Coast Guard. In addition to defence projects, the company also undertakes the construction of commercial vessels, highlighting its versatility in shipbuilding. Beyond its core shipbuilding operations, the company has diversified into engineering and engine-related activities. It manufactures a wide range of marine and industrial products including deck machinery, prefabricated steel bridges, and marine pumps. Its engine division specialises in the assembly, testing, and overhauling of MTU diesel engines. With a proven track record of delivering over 100 warships to Indian defence forces, Garden Reach Shipbuilders is also recognised as a major exporter in the global warship market. Its main shipbuilding facility is located at the Rajabagan Dockyard in India.
Cision Canada
2 days ago
- Entertainment
- Cision Canada
Skawennati: Welcome to the Dreamhouse Français
Presented in conjunction with the Gallery's new Nadia Myre solo exhibition OTTAWA, ON, May 28, 2025 /CNW/ - From May 30 to September 1, 2025, the National Gallery of Canada (NGC) presents Skawennati: Welcome to the Dreamhouse, a solo exhibition that tells the story of Kanien'kehá:ka (Mohawk) artist Skawennati's dynamic artistic trajectory over 25 years, as she envisions Indigenous people in the future through avatars, costumes, textiles, prints, sculpture, time-based productions as well as machinimas and machinimagraphs—films and still images made in virtual environments. "Skawennati fearlessly explores themes of Indigenous futurism. She has imagined avatars, dolls, goddesses, historical figures and everyday people who meaningfully and playfully intersect across time and space in a dreamhouse of her creation," said Jean-François Bélisle, Director and CEO, of the National Gallery of Canada. "We are proud to share her work with the public. The works in Skawennati's dreamhouse create a place where humanity can reach a world that has changed for the better, where the future becomes real and where dreams can be manifested in the here and now." "Skawennati unearths often repressed histories and melds them with speculative conceptions of the future by creating worlds of discovery and wonder. In these worlds, she explores notions of time, place, memory, dreams and aspirations, particularly from her perspective as a Kanien'kehá:ka artist, activist, mother and advocate for Indigenous-centred learning and being," wrote Steven Loft, Vice-President, and Michelle LaVallee, Director Indigenous Ways and Curatorial Initiatives, Indigenous Ways and Decolonization at the National Gallery of Canada, in their introduction to the exhibition catalogue. "For her, the digital media landscape becomes just that: a landscape replete with life and spirit, inclusive of beings, thought, prophecy and the underlying connectedness of all things." Organized by the National Gallery of Canada and curated by Wahsontiio Cross, Associate Curator, Indigenous Ways and Decolonization at the NGC, Skawennati: Welcome to the Dreamhouse brings together the Montreal-based artist's creative output through more than 100 works of art. As a lifelong science fiction and Star Trek fan, the artist noticed that there were very few Indigenous people in the stories about the future. She set out to change that through her work. Beginning with Imagining Indians in the 25th Century (2000), a groundbreaking web-based work, the survey exhibition continues through her exploration of technology until her most recent works, such as the three-channel music video and fashion collection They Sustain Us (2024). The majority of the art works on display in Welcome to the Dreamhouse are drawn from the artist's personal collection. Other works on view are from the National Gallery of Canada's collection (9), Canada Council for the Arts' Art Bank, Canada Council for the Arts and the Musée Pointe-à-Callière, cité d'archéologie et d'histoire de Montréal. Catalogue A richly illustrated catalogue accompanies the exhibition Skawennati: Welcome to the Dreamhouse. Edited by Wahsontiio Cross, the 136-page softcover book comprises contributions by Mojeanne Sarah Behzadi, Richard William Hill and Cheryl Sim. Available at the Boutique and online. Public programs A shared space, Kahwá:tsire—the Gathering of all Embers, is connecting the exhibitions Skawennati: Welcome to the Dreamhouse and Nadia Myre: Waves of Want, both presented at the same time. This gathering space is for coming together, learning and reflecting on both exhibitions. In Kahwá:tsire, visitors are invited to leave their reflections on the exhibitions as part of the community fire and create their own wallpaper designs and paper dolls inspired by the works of Skawennati and Nadia Myre. Additional learning activities planned include beading workshops with Ojibwe artist Amanda Fox, miniature birch bark canoe workshop with Algonquin artisan Pinock Smith, special meet the artist tours, and ongoing tours with interpreters. Visit for more details. About the National Gallery of Canada Founded in 1880, the National Gallery of Canada is among the world's most respected art institutions. As a national museum, we exist to serve all Canadians, no matter where they live. We do this by sharing our collection, exhibitions and public programming widely. We create dynamic experiences that allow for new ways of seeing ourselves and each other through the visual arts, while centering Indigenous ways of knowing and being. Our mandate is to develop, preserve and present a collection for the learning and enjoyment of all—now and for generations to come. We are home to more than 90,000 works, including one of the finest collections of Indigenous and Canadian art, major works from the 14 th to the 21 st century and extensive library and archival holdings. SOURCE National Gallery of Canada
Cision Canada
2 days ago
- Entertainment
- Cision Canada
Nadia Myre: Waves of Want Français
Presented in conjunction with the Gallery's new Skawennati solo exhibition OTTAWA, ON, May 28, 2025 /CNW/ - From May 30 to September 1, 2025, the National Gallery of Canada (NGC) presents Nadia Myre: Waves of Want, a solo exhibition that looks at the artistic and critical process of interdisciplinary artist Nadia Myre from over two decades, including new works recently created in France and in Scotland. Born in Montreal, Myre is a member of the Algonquin Kitigan Zibi Anishinabeg Nation. The artist—a 2014 Sobey Art Award winner—uses a wide range of media (film, sculpture installation, audio, drawing, beadwork, photography, poetry and leather works) to tell stories that span generations. "Nadia Myre is an internationally recognized artist, celebrated with multiple national arts awards over many years of active practice," said Jean-François Bélisle, Director & CEO, National Gallery of Canada. "Her works shape elegant and uneasy questions and reflections about coloniality and Indigenous sovereignty, and the materials that have shaped those experiences. The National Gallery of Canada is proud to present visitors with artistic experiences that reflect our ongoing challenges and opportunities as a society and as a culture." "Nadia Myre's artworks embody gestures of decolonization, both literally and figuratively, recording observations and injustice amidst the intersections of cultures, languages and identities. Enigmatic, thoughtful and perceptive, Myre mines personal and collective memory to craft decolonial narratives in unexpected ways," wrote Steven Loft, Vice-President, and Michelle LaVallee, Director, Indigenous Ways and Curatorial Initiatives, of Indigenous Ways and Decolonization at the NGC, in their introduction to the exhibition catalogue. Organized by the National Gallery of Canada and curated by Rachelle Dickenson, Associate Curator, from the Indigenous Ways and Decolonization Department at the NGC, with the artist and Gallery staff, Nadia Myre: Waves of Want brings together more than 60 works from various collections and sparks reflection and dialogue on how we navigate our histories through art, archive and language. Presented for the first time ever in Canada is Your Waves of Want Wash Over Us (2024), an almost 9-meter-long installation made of a series of tubular, curved ceramics forms affixed to the wall that Nadia Myre created in France. With this work, from which the title of the exhibition is inspired, Myre uses different forms of communication to convey the complicated relationships between colonialism and Indigenous nationhood, as well as between people. Among other key works on view is History in Two Parts (2000), a canoe made of birch bark and aluminum that the artist recently restored at the Gallery with artist Pinock aka Daniel Smith, also a member of the Kitigan Zibi Anishinabeg First Nation. A video she created shortly after the canoe, titled Portrait in Motion, is also on view in the last gallery of the exhibition. It is a portrait of Myre's rejection of the Western gaze to subvert romanticized notions of Indigenous people. Most of the art works on display in Nadia Myre: Waves of Want are drawn from the artist's personal collection. Other works on view are from the National Gallery of Canada's collection (5), the Eiteljorg Museum of American Indians and Western Art, Indianapolis, US and the Montreal Museum of Fine Arts. Catalogue A richly illustrated catalogue with essays accompanies the exhibition Nadia Myre: Waves of Want. The 176—pages softcover comprises essays by Guy Sioui Durand and Marie-Ève Beaupré and is available at the Boutique and online. Public programs A shared space, Giiwitaashkodeng | Kahwá:tsire—the Gathering of all Embers, is connecting the exhibitions Skawennati: Welcome to the Dreamhouse and Nadia Myre: Waves of Want, both presented at the same time. This gathering space is for coming together, learning and reflecting on both exhibitions. In Giiwitaashkodeng | Kahwá:tsire, visitors are invited to leave their reflections on the exhibitions as part of the community fire and create their own wallpaper designs and paper dolls inspired by the works of Skawennati and Nadia Myre. Additional learning activities planned include beading workshops with Ojibwe artist Amanda Fox, miniature birch bark canoe workshop with Algonquin artisan Pinock (Daniel Smith), special meet the artist tours, and ongoing tours with interpreters. Visit for more details. About the National Gallery of Canada Founded in 1880, the National Gallery of Canada is among the world's most respected art institutions. As a national museum, we exist to serve all Canadians, no matter where they live. We do this by sharing our collection, exhibitions and public programming widely. We create dynamic experiences that allow for new ways of seeing ourselves and each other through the visual arts, while centering Indigenous ways of knowing and being. Our mandate is to develop, preserve and present a collection for the learning and enjoyment of all—now and for generations to come. We are home to more than 90,000 works, including one of the finest collections of Indigenous and Canadian art, major works from the 14 th to the 21 st century and extensive library and archival holdings.
