Of 79 listed CPSUs and financial institutions, 21 have not met SEBI's public shareholding requirement, with nearly half of them from the financial sector
The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore
"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
The senior official further explained that the change in traditional approach means CPSEs need to develop more core systems through the new emerging technologies such as AI
As many as 15 out of 18 public sector companies listed over the last 8 years have given bumper returns with Mazagon Dock Shipbuilders topping the list by making investors richer by a whopping 3,700 per cent, according to an analysis. The analysis shows that barring insurance companies, all central public sector enterprises (CPSEs), especially from shipping and rail sectors, listed since May 2017 gave positive returns to investors who bought shares in the initial public offering (IPO) and have stayed invested in the company so far. Besides, Mazagon Dock Shipbuilders, Rail Vikas Nigam Ltd (RVNL), Garden Reach Shipbuilders and Engineers Ltd and Indian Railways Catering and Tourism Corporation (IRCTC) provided over 1,000 per cent returns to IPO investors. Sector wise analysis reveals that Railways and Shipping CPSEs have outperformed CPSEs in other sectors. Mazagon Dock, which listed on bourses in 2020 at an issue price of Rs 145, was trading at Rs 5,510.2 a share on April 22, 2025, ..
There seems to have been a subtle change in the approach of the government towards disinvestment
CPSEs could be downgraded if performance worsens
The official further explained that the government's new approach to CPSEs has evolved
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 government has approved the elevation of IRCTC and IRFC to Navratna CPSEs, making them the 25th and 26th 'Navratnas' among Central Public Sector Enterprises (CPSEs)
One of the main reasons is that public procurement decreased due to delays caused by elections. The Budget could only be presented in July, resulting in a loss of six months, said Anil Bhardwaj
CPSEs across categories employed a total of 1.5 million people in FY24, reflecting a growth of 2.05 per cent
Govt may garner Rs 65,000 crore in FY25
Over the past one year, the PESB has taken steps to expand the talent pool from which it selects candidates
The Department of Public Enterprises (DPE) in its statement said that Rail Ministry India CPSE had an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore for FY 2023-24
CPSE stocks: At 02:08 PM, the CPSE index, the top gainer among broader indices, was up 2.5 per cent
Sitharaman said the market capitalisation of 12 listed public sector banks (PSBs) has surged by 2.95 times in the past three years to Rs 16.12 trillion as of March 31, 2024
The Centre's dividend receipts from CPSEs have exceeded the revised budget estimate by 26 per cent to about Rs 63,000 crore, with PSU behemoths like Coal India, ONGC, Powergrid and GAIL making handsome payouts in the current fiscal. The revised estimates of the Budget presented in Parliament on February 1 pegged dividend receipts from CPSEs at Rs 50,000 crore for the current fiscal. The actual dividend collections have been about 26 per cent higher at Rs 62,929.27 crore in the 2023-24 fiscal ending March 31, 2024, as per the Department of Investment and Public Asset Management (DIPAM) website. In March, the government received hefty dividend tranches from ONGC (Rs 2,964 crore), Coal India (Rs 2,043 crore), Power Grid Corporation of India (Rs 2,149 crore), NMDC (Rs 1,024 crore), HAL (Rs 1,054 crore) and GAIL (Rs 1,863 crore). In the last fiscal (2022-23), dividend receipts stood at Rs 59,952.84 crore. Higher dividend is a reflection of the robust financial performance of CPSEs duri
Dipam recorded total receipts of Rs 75,886 crore for both disinvestment proceeds and dividend collections