Central Public Sector Enterprises

Govt looks to reduce red tape and unmoor port infrastructure delays

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

NMDC-KIOCL merger on cards, awaits clearances from ministries, regulators

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

Ireda sanctioned Rs 37,354 cr loan, disbursed Rs 25,089 cr in FY24: CMD

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.

Capex by large CPSEs touches 42.5% of budget target in April-August

NHAI and Railways drive robust growth in capex

Capex by large state-run firms jump 121% to Rs 53,000 crore in April

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

NPS adoption by central public sector at 13-month high in February

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

Govt made Rs 31,106 cr in FY23 through disinvestment, reports DIPAM

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

Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target

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

PSE dividends likely to cross govt's target for first time in 8 years

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

Capital expenditure by CPSEs at 68% of FY23 target by December

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

Contractual workforce in CPSEs crosses pre-pandemic level in FY22

But headcount of regular employees has continued to decline in FY22

Four CPSEs extended Rs 2,609 cr worth undue benefits to execs: CAG report

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

Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period

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

Centre directs 36% of defaulter CPSEs to join TReDS platform

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

Govt removes criteria for CPSEs to improve share price over sectoral index

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

BS Number Wise: A strategy for non-strategic state firms as losses mount

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

Share of women employees in CPSEs dips to 9.35% in FY21: Survey

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

CPSEs need ministerial panel's nod to to sell units to govt entities

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

19 loss-making CPSEs returned to profit in FY21, shows govt data

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%

Centre lifts Chinese import restrictions on CPSEs to boost RE projects

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