Page 4 - Cpses

CPSEs to execute sale of units having Cabinet nod for privatisation: DIPAM

Those transactions for which Expression of Interest (EoI) have been issued will continue to be handled by the Department of Investment and Public Asset Management (DIPAM)

Evaluating CPSEs

Investor engagement will increase transparency

Public procurement from GeM portal crosses Rs 1 trillion-mark this fiscal

Procurement by central public sector enterprises (CPSEs) rose multifold to about Rs 43,000 crore

Govt gets Rs 2,399 cr as dividend tranches from 3 CPSEs

The government has received Rs 2,399 crore as dividend tranches from 3 central public sector enterprises (CPSEs), DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

Govt receives Rs 4,353 crore as dividend tranches from 7 CPSEs

The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC.

FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year

Govt to shift part of CPSEs debt to itself as it infuses more equity

SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22

Economic Survey: Govt sets up National Land Monetisation Corporation

The government has set up a National Land Monetisation Corporation to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday. So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd. Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices. "In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a 100 per cent Government of India owned entity with an initial authorised share capital of Rs ...

Govt companies, departments way short of capital expenditure target

CPSEs met only 63% of spending target by December

Fair valuation

Revaluation of land will be of limited use for CPSEs

Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs

The government has received about Rs 6,600 crore as dividend tranches from a dozen Central Public Sector Enterprises (CPSEs), including GAIL, NMDC and Power Grid

Disinvestment's tough climate call: The hurdle in govt's fund-raising path

A raft of energy and mineral CPSEs currently lined up for sale may find it difficult to attract buyers because they lack viable environment-related agendas

What has been the trend in CPSE closures? Here's what data shows

Total number of CPSEs has not been trending down

Four CPSEs pay Rs 5,155 crore dividend to govt: DIPAM Secretary

The government has received Rs 5,155 crore as dividend tranches from four CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Monday.

Govt receives around Rs 814 cr from 5 CPSEs as dividend this fiscal

The government has received nearly Rs 814 crore as dividend tranches from five CPSEs, including PFC, HUDCO and OIL, this fiscal year, DIPAM secretary said on Monday. "Dividend tranches of about Rs 296 crore and Rs 233 crore have been received respectively from PFC and HUDCO," DIPAM Secretary Tuhin Kanta Pandey tweeted. OIL, KIOCL and SJVN have paid about Rs 92 crore, Rs 99 crore and Rs 94 crore respectively as dividend tranches to the government, he added. As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March), the government has received Rs 8,096 crore as dividend from central public sector enterprises (CPSEs). Besides, Rs 9,110 crore has been mobilised through disinvestment of minority stake in CPSEs.

FinMin to seek Cabinet nod to set up firm to monetise some CPSE land assets

A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer: DIPAM Secy

Operating CPSEs' net profit declines 34.6% to Rs 93,295 crore

The decline was mainly attributed to a sharp reduction in the profits of petroleum refiners and marketing cognate groups

Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos

The Union Cabinet approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo

TReDS can be a lifeline for small businesses

The government and its enterprises are the single largest agencies that procure goods from MSMEs. They need to use the Trade Receivables Discounting System to make timely payments to such businesses

Govt mops up Rs 32,835 cr from disinvestment in FY21, exceeds RE target

The realisation is, however, lower than the record Rs 2.10 lakh crore originally budgeted