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Page 3 - Cpses

Fair valuation

Revaluation of land will be of limited use for CPSEs

Fair valuation
Updated On : 25 Jan 2022 | 11:02 PM IST

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

Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs
Updated On : 17 Jan 2022 | 6:43 PM IST

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

Disinvestment's tough climate call: The hurdle in govt's fund-raising path
Updated On : 22 Dec 2021 | 6:02 AM IST

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

Total number of CPSEs has not been trending down

What has been the trend in CPSE closures? Here's what data shows
Updated On : 17 Dec 2021 | 2:18 AM IST

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.

Four CPSEs pay Rs 5,155 crore dividend to govt: DIPAM Secretary
Updated On : 29 Nov 2021 | 3:26 PM IST

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.

Govt receives around Rs 814 cr from 5 CPSEs as dividend this fiscal
Updated On : 18 Oct 2021 | 6:01 PM IST

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

FinMin to seek Cabinet nod to set up firm to monetise some CPSE land assets
Updated On : 17 Oct 2021 | 2:02 PM IST

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

Operating CPSEs' net profit declines 34.6% to Rs 93,295 crore
Updated On : 11 Aug 2021 | 10:53 PM IST

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

Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos
Updated On : 14 Jul 2021 | 5:40 PM IST

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

Image
Updated On : 11 Apr 2021 | 8:29 PM IST

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

Govt mops up Rs 32,835 cr from disinvestment in FY21, exceeds RE target
Updated On : 31 Mar 2021 | 6:03 PM IST

Disinvestment: Govt addresses CPSE stakeholders' concerns, says FM

The government addresses legitimate concerns of employees and other stakeholders of CPSEs through appropriate provisions in the share purchase agreements with bidders at the time of disinvestment, Finance Minister Nirmala Sitharaman said on Monday. On January 27, the Cabinet Committee of Economic Affairs (CCEA) gave 'in-principle' approval for 100 per cent disinvestment of the government's stake in Rashtriya Ispat Nigam Ltd (RINL), also called Visakhapatnam Steel Plant or Vizag Steel. This will be along with RINL's stake in its subsidiaries/ joint ventures through strategic disinvestment by way of privatisation. Sitharaman said strategic disinvestment of the government's equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices. This will result in higher production and productivity and expansion of direct and indirect employment opportunities. "While deciding the terms and conditions of the strateg

Disinvestment: Govt addresses CPSE stakeholders' concerns, says FM
Updated On : 09 Mar 2021 | 1:03 AM IST

A bold move

Policy on strategic disinvestment is a huge break from the past

A bold move
Updated On : 03 Feb 2021 | 12:34 AM IST

Govt mops up Rs 19,499 cr from CPSE disinvestment, buyback so far in FY21

The government has garnered Rs 19,499 crore through CPSE disinvestment and share buyback so far in 2020-21, as against the Rs 2.10 trn budget target set for the entire fiscal year ending March 31

Govt mops up Rs 19,499 cr from CPSE disinvestment, buyback so far in FY21
Updated On : 31 Jan 2021 | 12:45 PM IST

Planning for non-core asset sale, govt dividend now mandatory for PSUs

Listed public sector firms will have to maintain their m-cap at a certain level

Planning for non-core asset sale, govt dividend now mandatory for PSUs
Updated On : 12 Dec 2020 | 6:05 AM IST

Introspect reasons for low market valuation: DIPAM secy to state-owned cos

Tuhin Kumar Pandey urges CPSEs to constantly engage with investors in a bid to yield better share prices

Introspect reasons for low market valuation: DIPAM secy to state-owned cos
Updated On : 28 Nov 2020 | 1:00 AM IST

Addl installment of DA for CPSE execs, non-unionised supervisors frozen

Further, the additional instalments of the DA due from January 1, 2021, and April 1, 2021, will also not be paid

Addl installment of DA for CPSE execs, non-unionised supervisors frozen
Updated On : 20 Nov 2020 | 9:16 PM IST

Govt asks CPSEs for quarterly dividend payouts, higher share of profits

DIPAM has prepared a 'consistent' dividend policy for state-owned firms to follow

Govt asks CPSEs for quarterly dividend payouts, higher share of profits
Updated On : 14 Nov 2020 | 1:03 AM IST

Top headlines: Govt asks CPSEs for larger share, economy on revival path

From Centre asking CPSEs to pay dividends on quarterly basis to RBI policymakers sparring over high inflation forecast, Business Standard brings you the top headlines of the day

Top headlines: Govt asks CPSEs for larger share, economy on revival path
Updated On : 13 Nov 2020 | 5:51 PM IST

Cabinet to consider new public sector enterprises policy soon: DEA Secy

Under the policy, a list of strategic sectors will be notified where there will be at least one and a maximum of four public sector enterprise, apart from private sector companies

Cabinet to consider new public sector enterprises policy soon: DEA Secy
Updated On : 21 Oct 2020 | 7:23 PM IST