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Govt to sell some stake in HZL this fiscal: DIPAM Secretary Tuhin Kanta PandeyThe government currently holds a 29.54 per cent stake in Hindustan Zinc or HZL. In 2002, it sold 26 per cent of HZL to the mining billionai...- Centre makes renewed bid to complete privatisation of PSUsOwing to pandemic-led disruptions, the process has been delayed for quite a long time now, therefore, the govt has decided to provide a fre...
- Govt extends bid submission deadline for PDIL sale till Feb 28Earlier, the last date for submitting expression of interest (EoI) was January 31.
- Govt invites global bids for strategic divestment of PDIL, HLL LifecareThe process of privatisation of BPCL, Pawan Hans, BEML, Shipping Corp of India (SCI), Neelachal Ispat Nigam Ltd and RINL is ongoing.
- Govt extends Central Electronics bid deadline to May 16The last date for bid was March 16, which was extended to April 16.
- Swift selloff on cards to help Government meet targetGroundwork already done for 10 PSUs; government has approvals for 24 firms, including Air India.
- Buy Engineers India, target Rs 153: Kotak SecuritiesBuy Engineers India at a price target of Rs 153.
- Govt looks to reform financial planning of PSUsState-run ONGC seemed to immediately respond by offering to acquire Hindustan Petroleum to put in place a vertically integrated oil company...
- Govt looks to expand scope of consolidation in PSUsFor years, public sector companies would just sit on cash without any solid investment plans. That has changed over the last couple of year...
- Government invites bids from EIL, other PSUs to buy out PDILAs of March 2017, the paid up capital of PDIL is Rs 17 crore. As of September 2017, PDIL has 363 permanent and 116 contractual employees.
- Govt scouts for valuers for Hindustan Prefab, PDIL assetsWhile the government is seeking an outright sale of PDIL to strategic buyers, it is looking at a possible merger with a similarly placed CP...
- Government looks to raise Rs 11,000 crore from listing of insurersOf the total target, Rs 46,500 crore will be mobilised through minority stake sale and Rs 15,000 crore from strategic disinvestment.
- Government moves swiftly on strategic sale, puts more PSUs on blockAs for the NPCC the government has decided to disinvest 100 per cent of its shareholding through merger with a similarly-placed CPSE.
- New rice flour may help get rid of global food povertyResearchers have developed a new, high-quality rice flour which they claim can help alleviate global food poverty.
- Modi government to approve 6 pharma parks with Rs 180 crore investmentGovernment is set to approve six pharma parks this year at an estimated investment of Rs 180 crore to promote the pharmaceuticals manufactu...
- Coal India plans Rs 10,000-crore joint venture with GAIL India, RCF, FCILCIL plans a Rs 10,000-crore JV along with GAIL India, RCF and FCIL to set up a urea & ammonium nitrate chemicals complex that will run on g...
- Govt values 8 closed units of FCIL & HFCL at Rs 5,582.19 crThe valuation has been done by PDIL, a central public sector enterprise, Srikant Jena said to the Lok Sabha said.
- Tripura to take 10% stake in ONGC-Tata Chemicals Rs 5,000-cr urea plantTripura will pick up 10% stake in the proposed JV of ONGC and Tata Chemicals to set up a Rs 5,000-cr gas-based urea plant in Tripura.
- Brahmaputra Valley plans Rs 3,600 crore expansion, JV partner neededBrahmaputra Valley Fertilizer Corporation plans to set up a brown-field urea plant in Assam at an investment of Rs 3,600 crore.
- BRL, MEL to merge with Sail: PaswanThe Union Steel Ministry has approved the recommendation of an expert group to merge Bharat Refractories Limited and Maharashtra Electrosme...
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