Psus

NTPC Green Energy appoints Sarit Maheshwari as CEO, replacing Rajiv Gupta

NTPC Green Energy board on Saturday appointed Sarit Maheshwari as the Chief Executive Officer with immediate effect. The board of directors of the company in its meeting on Saturday approved cessation of Rajiv Gupta as Chief Executive Officer (Key Managerial Personnel), with effect from May 10, 2025, a regulatory filing said. According to the filing, the board of directors has approved the appointment of Sarit Maheshwari as Chief Executive Officer of the company with effect from May 10, 2025. He has 35 years of experience in the power sector and was associated with NTPC as Head of Project Korba, it said.

Nifty PSU Bank index slips 5%, sees sharpest one-day fall in 11 months

The Nifty PSU Bank index was the top loser among sectoral indices that ended 4.8 per cent lower at 6,235.20 levels on the NSE. BoB was the top loser among PSU banks that lost 11 per cent

Sebi proposes easier delisting rules for low-float PSUs with 90% govt stake

Sebi proposes fixed price delisting and exemptions from minimum public shareholding rules for PSUs with over 90 per cent government holding and thin public float

Sebi may set up separate mechanism for voluntary delisting of PSUs

Markets regulator Sebi on Tuesday proposed carving out a separate mechanism for voluntary delisting of PSUs, where the government or promoter group owns 90 per cent or more of shares. Under current rules, delisting is successful if promoter shareholding reaches 90 per cent. Moreover, the floor price for delisting is calculated using several pricing metrics such as 60-day average price and highest price in the last 26 weeks. These rules can make delisting costly for PSUs due to high market prices despite low book values or weak financials. In its consultation paper, Sebi noted that many PSUs have low public shareholding, outdated business models or weak future outlook and higher market prices due to government ownership than actual value. These make them financially burdensome for the government to delist such companies. In view of these drawbacks and to facilitate delisting of such PSUs, Sebi has proposed that a separate carve out for voluntary delisting should be created. Under

Policy allowing captive port berths to PSUs by nomination likely soon

In exchange, the operator pays royalty based on cargo volumes to the port authority. There are around 24 captive waterfront facilities at major ports

6 PSUs seek govt nod to issue deep-discount bonds, long-tenor debt

These companies are Indian Railway Finance Corp (IRFC) , Indian Renewable Energy Development Agency (IREDA) , Power Grid Corp of India (PGC), REC, SIDBI and NABARD

DIPAM to urge mutual funds to include PSU stocks in their portfolios

To promote inclusivity and enhance the Indian equity market for retail investors, the government also plans to advocate for greater accountability in private sector regarding dividend distributions

Boardroom gaps: Public-sector undertakings' governance under lens

Last month, 16 PSUs argued director appointments beyond their control

Sectoral fund inflows down 75% from peak, 19% of schemes at losses: Report

Domestic flows slowed down in February 2025 to ₹29,000 crore from ₹40,000 crore in January 2025

Pvt firms, DRDO and DPSUs must work together to strengthen IAF: MoD report

IAF's active squadrons have fallen to 31 against the authorised 42, with an ageing fleet and delayed inductions exacerbating the issue

Capex slows in FY25 but key infrastructure, power players set to benefit

The government is likely to miss its capex target in FY25, according to RE of Rs 8.2 trillion, lower by 8.3 per cent compared to budget estimates or BE

PSU NBFCs reissue bonds in Feb as fundraising limit reached for FY25

Each security is assigned a unique number called ISIN (International Securities Identification Number) at the time of issuance to avoid any misunderstanding among traders

Ambivalence on PSU policy: Budget 2025 eyes higher dividends, lower equity

In a departure from the past many years, its contribution to the PSUs' capital outlay by way of equity and loans will decline

Bailing out a PSU: Govt's equity infusion in RINL signals a shift in policy

During the current year, RINL's total liabilities have risen to over Rs 35,000 crore, with defaults on its loan repayment and interest payment

ESB chairperson Mallika Srinivasan gets one-year extension beyond 65 yrs

The government has extended the tenure of Mallika Srinivasan as the head of the Public Enterprises Selection Board (PESB) by one year after it made an exception to rules to allow the private sector specialist to continue on the job beyond the cut-off age of 65 years, according to an official order. Srinivasan, Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Limited, was originally appointed as the chairperson of government headhunter PESB in April 2021 for a three-year tenure till April 8, 2024. In March this year, the tenure was extended from April 9, 2024, to November 18 - the date she attained the age of 65 years. PESB is a non-statutory body that advises the government on appointments to the highest posts in Central Public Sector Enterprises. The board comprises a chairman and three members. The term of office for the chairperson and members is three years, or until they turn 65, whichever comes first. The chairperson/members are eligible for consideration o

GRSE registers total income of Rs 2,311 crore in first half of FY25

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd registered a total income of Rs 2,311 crore in the first half of financial year 2024-25, an official said on Wednesday. The Kolkata-based warship maker's profit after tax (PAT) stood at Rs 185 crore in the first six months from April 2024, as against Rs 157 crore in the corresponding period in the last fiscal year 2023-24, the GRSE official said. "The total income stood at Rs 2,311 crore in the first half of 2024-25 as against Rs 1,796 crore in the corresponding period of 2023-24," the official said in a statement. For the second quarter of 2024-25 from July to September, the defence PSU registered a total income of Rs 1,228 crore against Rs 969 crore, he said. In the second quarter, PAT stood at Rs 98 crore as against Rs 81 crore in the corresponding period of 2023-24, the official said. GRSE chairman and managing director Commodore P R Hari (retd) said that the existing orders for Indian Navy, coupled with orders for

SC rules against PSUs unilaterally deciding arbitrators for disputes

PSUs will need to modify their contracts to comply with judgment

PSU defaults, moral hazards: Can banks keep relying on govt ownership?

MTNL and RINL aren't good stories, particularly when both lenders and investors are getting their appetite for the infrastructure sector back

NTPC receives shareholders' approval to raise up to Rs 12,000 crore

State-owned power giant NTPC on Friday said it has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. "All resolutions proposed at the 48th Annual General Meeting were passed with requisite majority," the company said in a BSE filing. The board of directors of the company in its meeting held on 29th June, 2024 has approved the proposal and recommends the passing of the proposed special resolution (for raising up to Rs 12,000 crore in next 12 months), the AGM notice of NTPC had stated. The notice had further said that the company is under capacity expansion mode, and a major portion of its capital expenditure requirement has to be funded by debt. The approval of the shareholders is being sought to authorize the board of directors to make offer(s) or invitation(s) to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs/bon

Power Grid gets shareholders' nod to raise borrowing limit to Rs 15k cr

State-owned Power Grid Corporation on Friday said it has received shareholders' approval to raise the borrowing limit to Rs 15,000 crore for the 2024-25 fiscal year. The approval was received at its annual general meeting held on Thursday, the company said. Based on the consolidated report of the scrutiniser, all resolutions as set out in the notice of 35th annual general meeting read with addendum to the notice dated August 12, 2024, have been duly approved by shareholders with requisite majority, according to a BSE filing. The company said shareholders approved the resolution to enhance the borrowing limit from Rs 12,000 crore to Rs 15,000 crore, from the domestic market through the issue of secured/unsecured, non-convertible, cumulative/non-cumulative, redeemable, taxable/tax-free debentures/bonds under private placement for the 2024-25 financial year, it stated. The shareholders also approved the proposal to raise funds up to Rs 16,000 crore, from domestic market through the ..