Page 2 - Cpses

CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%

Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex

Ministry of coal encouraging extensive diversification within CPSEs

The Coal Ministry on Tuesday said it is actively encouraging extensive diversification within central public sector units, including Coal India, in line with the country's commitment to varied energy mix. The ministry has two large Central Public Sector Enterprises (CPSUs), Coal India Ltd (CIL) and NLC India Ltd (NLCIL), under its administrative control. "In line with India's commitment to diversifying its energy mix, the Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration," the coal ministry said in a statement. Stressing the use of de-coaled land for cost-effective pit-head thermal power plants, the ministry's directive targets to secure sustainable operations for both PSUs, foreseeing a future coal surplus. CIL is a hard-core coal company with seven arms while NLCIL is in lignite, power generation, new renewable energy and coal ...

SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits

Dhunseri Ventures, WPIL, Jai Corp, Jai Balaji, Waaree Renewable, Apollo Micro, Newgen Software, KPI Green, TRIL and Suzlon Energy were non-CPSEs which were locked in their 5 per cent down circuits

CPSE index cracks 5% on profit booking; PFC, RVNL, MSTC tank up to 16%

In the past one month, the CPSE index has rallied 19 per cent, while, in three months, it has soared 53 per cent

CPSE stocks on a roll; BEML Land, NBCC, Engineers India rally up to 20%

According to SBI Capital Markets (SBICAPS), the enhanced profitability of public sector banks (PSBs) and CPSE is anticipated to contribute to improved dividend payouts

Govt capex leads investment growth, 'skewed consumption' a concern

Sunil Kumar Sinha, principal economist, India Ratings says that a robust growth in GFCF reflects the sustained focus of the government on capital expenditure

Demerged CPSEs may use a parent's name in public procurement for 5 yrs

The move intends to enhance the eligibility of demerged entities in public procurement, as many faced difficulties qualifying for such contracts after the demerger

Shifting targets

Govt should not go slow on disinvestment

3 CPSE stocks are locked in 20% upper circuits, hitting multi-year highs

Shares of STC India, ITDC, and KIOCL from the S&P BSE CPSE index were locked at 20 per cent upper circuit, hitting multi-year highs

Procurement by CPSEs via GeM grew by 74% to Rs 42,510 crore in Apr-Jul

CPSEs account for around 53% of overall transactions on GeM

Upgrade awaited: Govt considers Navratna status for Ircon and RCF

All time high net profits, annual turnover and net worth have enhanced such proposals from administrative ministries

NHAI, Railways on track to achieve 60% of capital expenditure target in H1

Capex by CPSEs touches 35% of target in Apr-July

Coal CPSEs to scale up renewable energy capacity to 7231 MW by 2027

Coal PSUs have planned to scale up their total installed renewable energy capacity to 7,231 megawatt (MW) by 2027, an official statement said on Thursday. About 1,600 MW of renewable capacity has already been created till March 2023, by the PSUs Coal India Ltd (CIL), NLC India Ltd (NLCIL), and Singareni Collieries Company Limited (SCCL). On Tuesday, Union Coal and Mines Minister Pralhad Joshi said coal PSUs have made an investment plan of Rs 2.5 lakh crore for developing renewable energy (projects), installing clean coal technologies and new mine development projects. In a statement, the Coal Ministry said, "CPSEs will achieve 7,231 MW RE capacity by 2027. CIL and its subsidiaries and NLCIL have planned to install 3000 MW and 3,731 MW of renewable energy capacity, respectively. In line with the Panchamrit commitment of the Prime Minister, CPSEs are advised to diligently draft net zero plan for the coal mining sector." As per the national commitment, Coal PSUs have meticulously ...

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

Capital expenditure by CPSEs touches 32% of target in first quarter

NHAI and Railways start the capex cycle on a stronger note

Transactions on GeM portal cross Rs 50,000 crore in first quarter

Provision of penal interest on delayed payments to start from July

Capital expenditure by 54 large CPSEs, key depts rose 93% in April-May

NHAI and Railways start the capex cycle on a stronger note

Centre unlikely to undertake any new PSU disinvestment in 2023-24

Disinvestment could resume after 2024 general elections

In Rail Vikas Nigam, India gets its 13th Navratna in nine years

Earlier, RVNL was in the Miniratna category - I and a schedule 'A' CPSE under Ministry of Railways which recorded an annual turnover of Rs 19,381 crores and net profit of Rs 1087 crores

CPSEs achieve revised capex target of Rs 6.46 trn in FY23: Govt official

Some firms yet to provide their data for March