Central Public Sector Enterprises

"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary

There seems to have been a subtle change in the approach of the government towards disinvestment

Coal India paid the highest at Rs 10,252 cr, followed by ONGC

CPSEs exceeded their full year targets at 100.4 per cent and 108 per cent in FY23 and FY24 respectively

The survey revealed that the top 10 CPSEs accounted for 56.72 per cent of total CSR expenditure in FY24

CPSEs across categories employed a total of 1.5 million people in FY24, reflecting a growth of 2.05 per cent

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday. The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said. Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

New plan aims to expand financial powers, and level the playing field with private operators

NMDC continues to meet the country's iron ore demands, achieving a turnover of Rs 21,294 crore in financial year 2023-24

State-owned Ireda sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, the company's CMD PK Das said on Monday. In the company's annual general meeting, the CMD also said that the net worth stood at Rs 8,559 crore at the end of the March quarter, a company statement said. "IREDA achieved its highest-ever sanction of Rs 37,354 crore and disbursement of Rs 25,089 crore in FY24," Das said. Ireda, under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and power efficiency/conservation.

NHAI and Railways drive robust growth in capex

Expenditure cycle of NHAI, petroleum CPSEs off to a strong start

Earlier, 13,421 new subscribers had joined the NPS in January 2022

The sale of 3.5 per cent of its stake in the LIC through an IPO brought the govt Rs 20,516.12 crore as receipts

The capex spending of these public sector undertakings is being reviewed by the Prime Minister's Office regularly

The government has so far garnered Rs 36,835 crore, which is 92 per cent of the Budget estimate of Rs 40,000 crore

Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs

But headcount of regular employees has continued to decline in FY22

The CAG recommended that these CPSEs should discontinue reimbursement of "running and maintenance" expenses of vehicles as it violates DPE guidelines

During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target