Page 3 - Public Sector Undertakings

Pawan Hans disinvestment: ONGC to offer its 49% shares to new buyer

After the offer is made by ONGC, the new buyer will get seven days to decide if it wants to buy the remaining 49 per cent stake held by the public sector undertaking (PSU)

Centre arms itself with a legal strategy to defend PSUs' disinvestment

The move comes after several petitions challenging the policy were filed across the country

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

The burden of govt equity in PSUs

The Modi govt has outdone the Manmohan Singh regime in ramping up infrastructure outlay for state-controlled units

Budget 2022-23: Non-strategic PSU privatisation may see a push next year

A new committee has also been formed under the chairmanship of NITI Aayog CEO Amitabh Kant to help identify non-strategic PSUs for privatisation

Govt firms asked to declare market value of land, other real estate assets

Measure seen as a bid to boost investor confidence in PSUs stocks

Govt gets Rs 6,651 cr interim dividend from 12 PSUs, Power Grid tops table

Centre's dividend target for FY22 is Rs 50,028 crore; so far it has received Rs 46,587 crore as dividend including these recent transfers

Power PSUs capital expenditure rises 47% to Rs 40,395 crore

Central Public Sector Enterprises under the Ministry of Power have increased capital expenditure during the first nine months of the current financial year to Rs 40,395.34 crore, which is 47% higher

Top headlines: Vaccination for teens starts, Tata firms beat PSUs in m-cap

Tata group companies jump ahead of CPSUs in market capitalisation race; Valuation question holds up SPV for land, asset monetisation of PSUs. Read more on today's top headlines

Tata group companies jump ahead of CPSUs in market capitalisation race

It's the first time that govt companies are not India's biggest biz group

Govt fails to join IPO bandwagon, share of PSUs less than 5% in 2021

Only two public sector undertakings (PSUs) have managed to launch their IPOs, together raising less than Rs 5,500 crore

Teething issues remain for Hindustan Petroleum and ONGC merger

Purchase of government stake in ONGC leaves firm with tight cash positiongov

Must consider shareholder interests: DIPAM secretary Tuhin Kanta Pandey

'DIPAM has been advising ministries to carefully evaluate any policy changes which play a larger part in the functioning of PSUs', said Pandey

DIPAM likely to decide on commercial matters for PSU privatisation

The panel headed by the cabinet secretary is yet to decide whether DIPAM can be empowered to take decisions on pricing matters for PSU privatisation

Top headlines: Tax tweaks make PSUs more attractive, Gujarat's new CM

Business Standard brings the top headlines of the day

Loss-making PSUs more attractive for buyers after income tax tweak

Investor must retain at least 51% stake to take the benefit

Review meet on disinvestment, privatisation of defence PSUs on Monday

The plan to bring down the government's shareholding and the broad timeline for the sale would be shared with the ministry

A land pipeline

Dipam's plan to sell PSU land worth expanding

Centre plans PSU land sale worth more than Rs 600 crore via e-bidding

Parcels worth more than Rs 600 crore may be sold via new platform

Privatisation of PSUs not in national interest, will oppose policy: TN CM

Privatisation of Public Sector Undertakings is not in national interest and the Tamil Nadu govt would oppose the Centre's bid to privatise PSUs which are public assets, CM M K Stalin informed said