Central Public Sector Enterprises

New plan aims to expand financial powers, and level the playing field with private operators

NMDC continues to meet the country's iron ore demands, achieving a turnover of Rs 21,294 crore in financial year 2023-24

State-owned Ireda sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, the company's CMD PK Das said on Monday. In the company's annual general meeting, the CMD also said that the net worth stood at Rs 8,559 crore at the end of the March quarter, a company statement said. "IREDA achieved its highest-ever sanction of Rs 37,354 crore and disbursement of Rs 25,089 crore in FY24," Das said. Ireda, under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and power efficiency/conservation.

NHAI and Railways drive robust growth in capex

Expenditure cycle of NHAI, petroleum CPSEs off to a strong start

Earlier, 13,421 new subscribers had joined the NPS in January 2022

The sale of 3.5 per cent of its stake in the LIC through an IPO brought the govt Rs 20,516.12 crore as receipts

The capex spending of these public sector undertakings is being reviewed by the Prime Minister's Office regularly

The government has so far garnered Rs 36,835 crore, which is 92 per cent of the Budget estimate of Rs 40,000 crore

Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs

But headcount of regular employees has continued to decline in FY22

The CAG recommended that these CPSEs should discontinue reimbursement of "running and maintenance" expenses of vehicles as it violates DPE guidelines

During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target

The number of CPSEs registered on the RXIL platform is 110, whereas more than 50 CPSEs have registered on the M1xchange

Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement

The govt needs to act quickly to capitalise on the assets of such enterprises

According to the report, the number of women employees in CPSEs declined 9.5% to 80,525 in FY21 when pandemic hit the economy

Providing impetus to privatisation, cabinet recently empowered the boards of the CPSEs to privatise, disinvest or close their subsidiaries and sell stakes in JVs

The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%

The move will enable the CPSEs to import freely the four categories of goods from any country, including China, which heavily dominates the renewable energy supply chain