Govt to revive 26 public sector firms
The government has decided to revive 26 central public sector companies based on the recommendations of the Board for Reconstruction of Public Sector Enterprises, the Rajya Sabha was informed on Tuesday.
By PTI |
NEW DELHI: The government has decided to revive 26 central public sector companies based on the recommendations of the Board for Reconstruction of Public Sector Enterprises, the Rajya Sabha was informed on Tuesday.
The government has also decided in principle to examine the possibility of reviving Fertiliser Corporation of India and Hindustan Fertiliser Corporation subject to availability of gas, Minister of Heavy Industries and Public Enterprises Sontosh Mohan Dev said in a written reply.
He said the government had referred 57 CPSEs for revival to BRPSE, which recommended 45 companies for revival. These include National Textiles Corporation, Tyre Corporation of India, Cement Corporation of India, Bharat Heavy Plate and Vessels and Hindustan Shipyard among others.
Replying to another question on listing of CPSEs on the stock exchanges, he said the government has given approval for initial public offers (IPO) to Power Grid Corporation, Rural Electrification Corporation, National Hydroelectric Power Corporation and Oil India Ltd.
Proposals for listing of mini-ratna CPSEs are based on its requirements of funds and its capacity to raise the funds from the capital market, the minister said.
The 35 mini-ratna CPSEs not listed on stock exchanges include Bharat Sanchar Nigam Ltd, Coal India Ltd, Rashtriya Ispat Nigam Ltd and India Trade Promotion Organisation.
The government has also decided in principle to examine the possibility of reviving Fertiliser Corporation of India and Hindustan Fertiliser Corporation subject to availability of gas, Minister of Heavy Industries and Public Enterprises Sontosh Mohan Dev said in a written reply.
He said the government had referred 57 CPSEs for revival to BRPSE, which recommended 45 companies for revival. These include National Textiles Corporation, Tyre Corporation of India, Cement Corporation of India, Bharat Heavy Plate and Vessels and Hindustan Shipyard among others.
Replying to another question on listing of CPSEs on the stock exchanges, he said the government has given approval for initial public offers (IPO) to Power Grid Corporation, Rural Electrification Corporation, National Hydroelectric Power Corporation and Oil India Ltd.
Proposals for listing of mini-ratna CPSEs are based on its requirements of funds and its capacity to raise the funds from the capital market, the minister said.
The 35 mini-ratna CPSEs not listed on stock exchanges include Bharat Sanchar Nigam Ltd, Coal India Ltd, Rashtriya Ispat Nigam Ltd and India Trade Promotion Organisation.
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