Central Public Sector Enterprises

Govt gets Rs 255 crore as dividend from 3 CPSEs, total FY proceeds at over Rs 15,000 crore

The government received Rs 197 crore, Rs 48 crore and Rs 10 crore from Uranium Corporation of India Ltd, KIOCL, and Shipping Corporation of India as dividend tranches, respectively

Coal Ministry CPSEs clock 28.33% growth in capex

The Ministry of Coal, through its Central Public Sector Enterprises (CPSEs), had registered a capex achievement of Rs 9,822.28 crore for the period up to December, 2020.

Finance Minister Nirmala Sitharaman pushes large CPSEs to meet 75% of FY21 capex target by December

Nirmala Sitharaman held a virtual meeting with secretaries of coal and petroleum & natural gas, along with the chairman and managing directors (CMDs) of 14 CPSEs belonging to these ministries, an official statement said.

VRS at sick public sector cos likely to gain pace after Modi govt sweetened offer

In a bid to speed up the process of closing down sick central public sector enterprises (CPSEs), Modi government has sweetened the package for employees opting for Voluntary Retirement Scheme (VRS) by giving them attractive compensation at 2007 notional pay scale.

Govt unveils online vigilance clearance system, e-service book

An online system to process cases of vigilance clearance for senior-level appointments in central government was launched today by Union Minister Jitendra Singh.

Air India, BSNL among 43 CPSEs making losses for 3 years

Major reasons for losses include resource crunch, low capacity utilisation, oil plant and machinery, stiff competition, weak marketing and mismanagement.

PM nod mandatory for terminating services of sr staff in CPSEs

All departments will have to mandatorily take permission of the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi before terminating services of senior officials in Central Public Sector Enterprises (CPSEs).

Retail investors to get nearly half of Rs 6,000 cr CPSE ETF

Together with the ETF proceeds, government has garnered Rs 30,000 crore from PSU disinvestment this fiscal. It will sell 10 percent stake in state-run miner MOIL tomorrow to garner Rs 480 crore.

CPSE ETF oversubscribed 2-times, gets bids worth Rs 12,000 cr

The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.

Discounts make ETF attractive; expect strong upside: DIPAM Secy

In an interview to CNBC-TV18 Neeraj Kumar Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) spoke about his views on Central Public Sector Enterprises Exchange Traded fund (CPSE ETF).

Govt may seek Cabinet nod for disinvestment of Scooters India

Strategic disinvestment denotes sale of substantial portion of government shareholding in identified CPSEs up to 50 percent or more, along with transfer of management control.

Coal India seeks shareholders nod for Rs 3,650cr share buyback

The country's largest coal miner is also offering e-voting facility as an alternate mode of voting to all members to enable them cast their votes electronically instead of dispatching Postal Ballot Forms.

NITI Aayog analysing all sick, loss making CPSEs: Supriyo

"78, 70 and 77 CPSEs incurred losses during 2012-13, 2013-14 and 2014-15 respectively," Minister of State for Heavy Industries and Public Enterprises Babul Supriyo said in a written reply to the Lok Sabha.

Coal India to buy back 10.89 cr shares worth Rs 3,650 cr

"The company by way of special resolution...has approved the buyback of not exceeding 10.89 crore equity shares of the company...at a price of Rs 335 per equity shares payable in cash for an aggregate consideration of Rs 3,650 crore," CIL said in a BSE filing.

Strategic divestment in PSUs within 6 months: Panagariya

Government is expected to go ahead with the strategic divestment in public sector units (PSUs) within the next six months besides closing down sick firms that are beyond revival, NITI Aayog Vice Chairman Arvind Panagariya said

Govt tells PSUs to settle disputes in time

The Department of Public Enterprises directed the Administrative Ministries/Departments to issue instructions in this regard to the CPSEs under them.

CSR: Parl panel wants PSUs to focus on remote backward areas

A Parliamentary panel today suggested that the central public sector enterprises (CPSEs) should spend money under the CSR obligations on development of the remote backward areas of the country.

CPSEs contribution dipped by Rs 20,000 cr in FY15: Eco Survey

"This was mainly on account of a decrease in their contribution to dividend, corporate tax and custom duty in 2014-15," as per the 2015-16 report card of the state of the economy tabled by Finance Minister Arun Jaitley in Parliament.

IRFC tax free bonds issue oversubscribed 2.38 times

Indian railway finance corporation raises Rs 10796 crore as against the issue size of Rs 4532 crore.

Govt looks to shut Tyre Corporation, HMT arm

Tyre Corporation of India (TCIL) is among the public sector units that had earlier been cleared for revival through the joint venture or disinvestment route.

Rail Min asks all PSUs to undertake more railway projects

In a review meeting with the heads of the Central Public Sector Enterprises (CPSEs) under the administrative control of railways, Prabhu also sought strong presence of all railway PSUs on the social networking sites for dissemination of information to the public.