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News Updates

All agencies are taking actions to mitigate congestion at major airports: Scindia

PSU Watch Bureau -
All agencies have swung into action in the last 24-36 hours to mitigate congestion at all major airports, said Jyotiraditya Scindia
News Updates

Export duty removal will boost business of steel industry: Faggan Kulaste

PSU Watch Bureau -
The removal of export duty announced by the government will boost the business sentiments of the domestic steel industry, said Kulaste
News Updates

Coal India Ltd’s capex soars 33% to Rs 7,027 cr in H1 FY23

PSU Watch Bureau -
Coal India Ltd’s (CIL) capex soared by 33 percent in the April-September period of the current fiscal year in comparison to H1 FY22
News Updates

GAIL reports 46% y-o-y drop in net profit in Q2 FY23 as supply from Gazprom dries up

PSU Watch Bureau -
GAIL (India) Limited has reported a 46 percent year-on-year (y-o-y) drop in standalone Profit after Tax (PAT) at Rs 1,537 crore for the quarter ended September 2022
National News

Power sector PSUs meet 80% of FY22 capex target; PGCIL, SJVN biggest spenders

PSU Watch Bureau -
Power sector PSUs have met 80 percent of the capital expenditure (capex) target for financial year 2021-22 by spending Rs 40,395.34 crore in the April-December period
National News

CIL spends Rs 10,717 cr in Apr-Dec period, records 37% jump in capex y-o-y

PSU Watch Bureau -
Coal India Limited (CIL) has incurred a capex of Rs 10,717 crore till December of the ongoing financial year, clocking a strong 37.4 percent year-on-year growth
National News

CIL surpasses capex target for FY21, logs highest-ever capex of Rs 13,115 cr

PSU Watch Bureau -

In a year marred by the COVID-19 pandemic, CIL has surpassed its revised capex for FY21 and has spent more than double the money it spent in FY20

National News

Indian Oil raises Rs 1,290 crore in debt

PSU Watch Bureau -

Indian Oil Corporation Ltd (IOC) said that it has raised Rs 1,290.20 crore in debt to refinance existing borrowings and meet business expenses

Defence Watch

HAL expects new orders for 83 LCAs, 15 LCH, 12 Su-30, HTT-40, LUH in FY21

Vivek Shukla -

HAL said that it is anticipating orders for 83 Light Combat Aircraft (LCA), 15 Light Combat Helicopter (LCH) and 12 Su-30, HTT-40 and LUH

National News

ONGC to double efforts to increase capex spending to make up for time lost due to COVID-19

Shalini Sharma -

ONGC plans to double its efforts to make up for the time lost due to the COVID-19 pandemic and stay close to the targeted capex of Rs 32,500 crore

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PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.

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