Page 2 - Cpses

NHAI, Railways on track to achieve 60% of capital expenditure target in H1

Capex by CPSEs touches 35% of target in Apr-July

Coal CPSEs to scale up renewable energy capacity to 7231 MW by 2027

Coal PSUs have planned to scale up their total installed renewable energy capacity to 7,231 megawatt (MW) by 2027, an official statement said on Thursday. About 1,600 MW of renewable capacity has already been created till March 2023, by the PSUs Coal India Ltd (CIL), NLC India Ltd (NLCIL), and Singareni Collieries Company Limited (SCCL). On Tuesday, Union Coal and Mines Minister Pralhad Joshi said coal PSUs have made an investment plan of Rs 2.5 lakh crore for developing renewable energy (projects), installing clean coal technologies and new mine development projects. In a statement, the Coal Ministry said, "CPSEs will achieve 7,231 MW RE capacity by 2027. CIL and its subsidiaries and NLCIL have planned to install 3000 MW and 3,731 MW of renewable energy capacity, respectively. In line with the Panchamrit commitment of the Prime Minister, CPSEs are advised to diligently draft net zero plan for the coal mining sector." As per the national commitment, Coal PSUs have meticulously ...

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

Capital expenditure by CPSEs touches 32% of target in first quarter

NHAI and Railways start the capex cycle on a stronger note

Transactions on GeM portal cross Rs 50,000 crore in first quarter

Provision of penal interest on delayed payments to start from July

Capital expenditure by 54 large CPSEs, key depts rose 93% in April-May

NHAI and Railways start the capex cycle on a stronger note

Centre unlikely to undertake any new PSU disinvestment in 2023-24

Disinvestment could resume after 2024 general elections

In Rail Vikas Nigam, India gets its 13th Navratna in nine years

Earlier, RVNL was in the Miniratna category - I and a schedule 'A' CPSE under Ministry of Railways which recorded an annual turnover of Rs 19,381 crores and net profit of Rs 1087 crores

CPSEs achieve revised capex target of Rs 6.46 trn in FY23: Govt official

Some firms yet to provide their data for March

Parliamentary panel asks govt to take steps to revive loss-making PSUs

The ministry should also give details of the steps taken and plans conceived to revive and strengthen the CPSEs within its administrative ambit to the panel

Govt falls short of disinvestment target, posts stronger dividend receipts

The dividend receipts from CPSEs grew more than 37 per cent to Rs 58,988 crore against the Revised Estimates (RE) target of Rs 43,000 crore

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

CPSEs spent 85% of capex target by February, says finance ministry

By comparison, CPSEs had exhausted only 79.28% of the Rs 5.95-trillion target during the same period in the previous fiscal year

CPSE dividend crosses Rs 50,000 crore for second consecutive year

During the current fiscal year (FY23) so far, Rs 50,279 crore has come as dividends from CPSEs

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

Govt streamlines rules for settlement of disputes among CPSEs

In 2018, the DPE had issued an office memorandum, wounding up the Permanent Machinery of Arbitration (PMA) for settling such disputes

Disinvestment proceeds of Rs 4.07 trn realised in last 9 years: Eco Survey

About Rs 4.07 lakh crore has been realised as disinvestment proceeds in the past nine years, and post-2014 the government is engaging with the private sector as a co-partner in the development, the Economic Survey said on Tuesday. In the current fiscal, out of the budgeted amount of Rs 65,000 crore, 48 per cent or over Rs 31,000 crore has been collected as of January 18, 2023. The survey said privatisation of Air India re-ignited the privatisation drive, and evidence shows that labour productivity and the overall efficiency of the PSUs disinvested during 1990-2015 has improved. "During FY15 to FY23 (as of 18 January 2023), an amount of about Rs 4.07 lakh crore has been realised as proceeds from disinvestment through 154 transactions using various modes/instruments," said the Survey tabled in Parliament by Finance Minister Nirmala Sitharaman. Of this, Rs 3.02 lakh crore was realised from minority stake sale and Rs 69,412 crore was realised from strategic disinvestment transactions i

FinMin to stick to privatisation of already announced CPSEs next fiscal

The Finance Ministry will move ahead with the already-announced and planned privatisation of state-owned companies in the next fiscal, and the chances of the new addition to that list of CPSEs in the Budget for 2023-24 is unlikely, sources said. The disinvestment target outlined in the Budget for the next fiscal is likely to be a scaled-down and realistic one, as the budgeted PSU sell-off target is going to be missed for the fourth year in a row this fiscal. In the current fiscal, the government had budgeted to collect Rs 65,000 crore from disinvestment. However, so far, it has realised only Rs 31,106 crore by selling minority stakes in public sector companies. After tasting success in privatising loss-making Air India in 2021, the progress of PSU sell-off has not been very impressive over the past year, and experts say that with the general election around the corner in 2024, no major disinvestment announcement is expected in this Budget either. "The plan is to move ahead with the

Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller

Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.

Small, mid CPSEs likely to be on Centre's FY24 disinvestment list

Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March