Cpses

CPSE procurement from MSEs declines 43% to Rs 773.39 crore in FY24

One of the main reasons is that public procurement decreased due to delays caused by elections. The Budget could only be presented in July, resulting in a loss of six months, said Anil Bhardwaj

Regular employees in CPSEs dropped 3.1% to 0.81 million in FY24: Survey

CPSEs across categories employed a total of 1.5 million people in FY24, reflecting a growth of 2.05 per cent

CPSE dividend likely to cross record FY24 tally; Rs 29K cr in kitty so far

Govt may garner Rs 65,000 crore in FY25

Window for pvt entry into CPSEs open; PESB takes steps to widen talent pool

Over the past one year, the PESB has taken steps to expand the talent pool from which it selects candidates

FM Nirmala Sitharaman approves 'Navratna' status for four CPSEs

The Department of Public Enterprises (DPE) in its statement said that Rail Ministry India CPSE had an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore for FY 2023-24

CPSE stocks on a roll; RVNL, Hudco, SJVN, Cochin Shipyard surge up to 15%

CPSE stocks: At 02:08 PM, the CPSE index, the top gainer among broader indices, was up 2.5 per cent

Net worth of CPSEs increased by 82% in 9 years, says finance minister

Sitharaman said the market capitalisation of 12 listed public sector banks (PSBs) has surged by 2.95 times in the past three years to Rs 16.12 trillion as of March 31, 2024

Dividend receipts from CPSEs exceed revised estimates by 26% to Rs 63K cr

The Centre's dividend receipts from CPSEs have exceeded the revised budget estimate by 26 per cent to about Rs 63,000 crore, with PSU behemoths like Coal India, ONGC, Powergrid and GAIL making handsome payouts in the current fiscal. The revised estimates of the Budget presented in Parliament on February 1 pegged dividend receipts from CPSEs at Rs 50,000 crore for the current fiscal. The actual dividend collections have been about 26 per cent higher at Rs 62,929.27 crore in the 2023-24 fiscal ending March 31, 2024, as per the Department of Investment and Public Asset Management (DIPAM) website. In March, the government received hefty dividend tranches from ONGC (Rs 2,964 crore), Coal India (Rs 2,043 crore), Power Grid Corporation of India (Rs 2,149 crore), NMDC (Rs 1,024 crore), HAL (Rs 1,054 crore) and GAIL (Rs 1,863 crore). In the last fiscal (2022-23), dividend receipts stood at Rs 59,952.84 crore. Higher dividend is a reflection of the robust financial performance of CPSEs duri

Government CPSE dividend collection hits record high of Rs 61,149 crore

Dipam recorded total receipts of Rs 75,886 crore for both disinvestment proceeds and dividend collections

CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%

Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex

Ministry of coal encouraging extensive diversification within CPSEs

The Coal Ministry on Tuesday said it is actively encouraging extensive diversification within central public sector units, including Coal India, in line with the country's commitment to varied energy mix. The ministry has two large Central Public Sector Enterprises (CPSUs), Coal India Ltd (CIL) and NLC India Ltd (NLCIL), under its administrative control. "In line with India's commitment to diversifying its energy mix, the Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration," the coal ministry said in a statement. Stressing the use of de-coaled land for cost-effective pit-head thermal power plants, the ministry's directive targets to secure sustainable operations for both PSUs, foreseeing a future coal surplus. CIL is a hard-core coal company with seven arms while NLCIL is in lignite, power generation, new renewable energy and coal ...

SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits

Dhunseri Ventures, WPIL, Jai Corp, Jai Balaji, Waaree Renewable, Apollo Micro, Newgen Software, KPI Green, TRIL and Suzlon Energy were non-CPSEs which were locked in their 5 per cent down circuits

CPSE index cracks 5% on profit booking; PFC, RVNL, MSTC tank up to 16%

In the past one month, the CPSE index has rallied 19 per cent, while, in three months, it has soared 53 per cent

CPSE stocks on a roll; BEML Land, NBCC, Engineers India rally up to 20%

According to SBI Capital Markets (SBICAPS), the enhanced profitability of public sector banks (PSBs) and CPSE is anticipated to contribute to improved dividend payouts

Govt capex leads investment growth, 'skewed consumption' a concern

Sunil Kumar Sinha, principal economist, India Ratings says that a robust growth in GFCF reflects the sustained focus of the government on capital expenditure

Demerged CPSEs may use a parent's name in public procurement for 5 yrs

The move intends to enhance the eligibility of demerged entities in public procurement, as many faced difficulties qualifying for such contracts after the demerger

Shifting targets

Govt should not go slow on disinvestment

3 CPSE stocks are locked in 20% upper circuits, hitting multi-year highs

Shares of STC India, ITDC, and KIOCL from the S&P BSE CPSE index were locked at 20 per cent upper circuit, hitting multi-year highs

Procurement by CPSEs via GeM grew by 74% to Rs 42,510 crore in Apr-Jul

CPSEs account for around 53% of overall transactions on GeM

Upgrade awaited: Govt considers Navratna status for Ircon and RCF

All time high net profits, annual turnover and net worth have enhanced such proposals from administrative ministries