Page 3 - Psu

Hindustan Shipyard registers highest value of production in its history

State-run Hindustan Shipyard Limited (HSL) has posted the highest value of production worth Rs 755 crore in the PSU's history during the financial year 2021-22, a senior company official said on Friday. Addressing a press conference here, Chairman and Managing Director of HSL Hemant Khatri said that despite various challenges due to the partial lockdown and restrictions dung second and third COVID waves, the state-run entity has posted the highest value of production with all three major business segments contributing to this. He said the value of production target would be more than Rs 1,000 crore during the current financial year. Khatri said the value of production from shipbuilding remained at Rs 613 crore marking it as the highest value of production recorded from shipbuilding division in the history of the shipyard. HSL has earned a net profit of Rs 50.78 crore during 2021-22 with an operating profit of Rs 10.69 crore as against a net loss of Rs 14 crore with an operating los

Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet

The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information

Blue Energy Motors unveils India's first LNG-fuelled green truck near Pune

Firm claims the engines generate high torque and help trucks deliver best-in-class total cost of ownership and offer unmatched ride comfort and safety for long hauls

Sri Lanka to form unit to help restructure state-owned enterprises: Prez

He also said value-added tax will be increased from 12 to 15 per cent effective from September 1 and the retirement age of government and semi-government employees will be reduced to 60 years

Why are top PSU companies not hiring?

Post pandemic, the private sector stepped up hiring, absorbing a bulk of skilled workforce. But what about the public sector giants? Are they matching up to India Inc in hiring? Let's find out

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

Kerala govt announces emergency financial assistance for cash-strapped PSU

The Kerala government has announced emergency financial assistance to Travancore Cements Limited, a cash-strapped public sector undertaking (PSU) to tide over its ongoing crisis

5 PSUs to set up manufacturing units to increase coal gasification capacity

Coal ministry proposes PLI for ammonium nitrate to raise volumes and price competitiveness

PSU debt serviced by a state to be brought under its FRBM limit: Govt

Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman

Thematic returns score over pure equity funds in past year, shows data

Pure equity funds, such as large-cap equity funds, have given returns of just 6.77 per cent in the past year

Centre extends due dates to bid for Ferro Scrap Nigam privatisation

Interested parties will have to submit physical copies of EoI by June 13 as against May 12 earlier. Shortlisted bidders would be intimated by June 27

Economic Survey: Trend of PSU investment in roads and railways to continue

Demand for steel to get a boost with higher roads, rail spend

Budget 2022-23: Non-strategic PSU privatisation may see a push next year

A new committee has also been formed under the chairmanship of NITI Aayog CEO Amitabh Kant to help identify non-strategic PSUs for privatisation

State attracts MoUs worth over Rs 24,000 crore ahead of Vibrant Gujarat

Leading MoUs were those from chemical, electrical equipment and PSU majors like Kiri Industries, Meghmani Organics and Meghmani Finechem, Borosil Renewables, and Indian Oil

HPCL's Q2 net drops 35% to Rs 1,919 cr, GRM halves to $2.44 a barrel

The GRM was impacted by the higher fuel and loss component in view of shutdown, restarting and stabilisation activities at both HPCL refineries

Centre starts talks with RBI to kick off bank privatisation process

The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said

PSU receives loan license to supply Bharat Biotech's Covaxin drug substance

PSU Indian Immunologicals Limited has received a loan license from drug regulator CDSCO for supplying to Bharat Biotech Covaxin drug substance produced at its repurposed facility, DBT said on Friday

Govt's move to bring DPE under FinMin to aid privatisation process

The changes are being done as govt looks to maintain "bare minimum" presence in PSUs in strategic sectors and privatise, merge, or close the remaining state-owned entities

Riding on green fuel: Star PSU Gujarat Gas looks to tap new markets

Having become India's largest city gas distribution company, Gujarat Gas looks to tap new markets