Page 4 - Cpses

FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end

Govt looks to sustain pace of capital and infra projects to soften economic blow; Till H1 of FY21, these PSUs spent Rs 37,423 cr, or just 32%. In FY20, they spent Rs 1.16 trn or 104% of capex goal

FM holds 4th review meeting on capex of Central Public Sector Enterprises

While reviewing the performance of CPSEs, Sitharaman said CAPEX by CPSEs is a critical driver of economic growth and need to be scaled up for the FYs 2020-21 & 2021-22.

Top headlines: Farmer survey on agri laws; CPSEs told to spend 75% of capex

Business Standard brings you the top headlines of the day

PSEs back to 90% of their production capacity: Prakash Javadekar

Central PSEs have got back to 90 per cent of their production capacity, Union Minister Prakash Javadekar said, while releasing a compendium on the contribution of the PSEs amidst Covid-19

20 CPSEs, their units in pipeline for strategic sale: Finance Ministry

As many as 20 CPSEs and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday. In a written reply to a question in the Lok Sabha, Singh said the government follows a policy of disinvestment through strategic stake sale and minority stake dilution. "Based on the criteria laid down by NITI Aayog, the Government has 'in principle' approved strategic disinvestment in 34 cases since 2016, out of which strategic disinvestment in 8 cases has been completed, 6 CPSEs are under consideration for closure and litigation, and remaining 20 transactions are at various stages," Singh said. The CPSEs which are under consideration for closure/ under litigation are Hindustan Fluorocarbon Ltd (HFL), Scooters India, Bharat Pumps & Compressors Ltd, Hindustan Prefab, Hindustan Newsprint, and Karnataka Antibiotics & Pharmaceuticals Ltd. The transactions which ...

FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic

Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said

FM Sitharaman holds second review meet on capex spending of CPSEs

The combined capex target for these 7 CPSEs is Rs 24,663 crore for for FY 2020-21

The missing policy

Decision on public sector enterprises should not be delayed

PSU stocks in focus; ITI surges 20%, BHEL gains 15%, Coal India up 8%

MSTC, MMTC, Hindustan Copper, Bharat Electronics, Ircon International, NLC India, Engineers India, BEML, STC India, NBCC, Mishra Dhatu Nigam and Container Corporation were up 4% to 8% on the BSE

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

Industry asks for more

But the government's economic package has a lot going for India's private sector

CPSE stocks rally; BHEL surges 25%, REC and Engineers India up over 10%

Rail Vikas Nigam, MSTC, and India Tourism Development Corporation were locked in 5 per cent upper circuit on the BSE.

Privatised CPSEs reported better profit, sales after transition: Eco Survey

The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)

Explained: How concentrated index makes CPSE ETF risky for investors

Among the positives of the offer, the Nifty CPSE Index's valuations are more reasonable than that of front line indices

Nifty CPSE index slips 3%; IOCL, Oil India hit 52-week lows

ONGC, Oil India, Coal India, NTPC, Bharat Electronics, PFC, NBCC, NLC India and IOCL were down 1% to 5% on the NSE in intra-day trade.

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers

Irdai said such debt ETFs should be issued by mutual funds registered by Sebi and governed by its regulations.

In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs

The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm

Cabinet may consider proposal to lower govt stake in CPSEs to less than 51%

Such a move is possible by amendment to Section 241 of the Companies Act