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Tag results for... "psu-privatisation-news"

SCI disinvestment: Govt shortlists MEIL, ex-SCI employee consortium & US-based company

The list of shortlisted bidders includes US-based Safesea, Hyderabad-based MEIL and a consortium led by non-resident Indian businessman Ravi Mehrotra The three bidders have also.......

COVID: Bidders seek extensions in deadlines, BPCL, Air India disinvestment likely to get delayed

A source said that DIPAM has already received requests from bidders for delaying the submission of financial bids However, the source added that the disinvestment targets for FY22.......

FM to hold review meeting on disinvestment this week, take call on bank privatisation: Sources

Officials feared that if partial lockdown in certain parts of the country continue or are enforced more severely, it will impact both the market and investor sentiment For FY22, the.......

SEFI demands ‘Maha merger’ of steel PSUs SAIL, RINL, NINL, others to form mega entity

The merged mega steel entity will play an important role in achieving the target of 300 MTPA of steel production by 2030-31, SEFI has argued Each of steel units has their strengths and.......

Modi govt ends FY21 with PSU disinvestment yield of Rs 32,835 cr

Minority stake disinvestment through OFS and IPO and share buybacks contributed to the cumulative total of Rs 32,835 crore While OFS fetched the government Rs 22,972.86 crore, IPO.......

What happens to PSU employees after privatisation?

The concern of PSU employees regarding alteration in the terms and conditions of the services are addressed through provisions in the Share Purchase Agreement (SPA) In cases where VRS.......

RINL privatisation protest: Steel PSU executives to take out silent march along with family

The Steel Executives’ Association has demanded that the government withdraw its decision to disinvest 100 percent stake in RINL It has called on the government to merge RINL with.......

Banking to be affected due to March 15 & 16 bank strike, says SBI

While Bank has made all arrangements to ensure normal functioning in its branches and offices, it is likely that work in our Bank may be impacted by the strike, said SBI Although the.......

SCI Disinvestment: Govt has received multiple EoIs, says DIPAM Secretary

The SCI disinvestment process has elicited interest from a number of players including, Essar Shipping, Adani, Vedanta, GE Shipping and Dubai Port World, said sources The.......

BEML privatisation: Govt extends EoI submission date to March 22

DIPAM said that the last day for submission of EoIs has been extended from March 1 to March 22 On January 4, the government had invited initial bids from private firms for the sale of.......

Disinvestment: OIL, EIL consortium to jointly bid for acquisition of BPCL’s stake in NRL

EIL said that it will take the minority stake, while OIL will be the majority shareholder Post disinvestment, the government of Assam, which currently holds 12.35 percent stake in NRL,.......

Vedanta chief Anil Agarwal creates $10-bn fund to invest in govt’s PSU disinvestment plan

New Delhi: Vedanta Resources Limited Executive Chairman Anil Agarwal announced on Friday the creation of a $10-billion fund, along with London-based Centricus, to invest in the government’s.......

RINL privatisation decision sparks massive protest in Vizag

Raising slogans like ‘Save Steel Plant,’ protestors took out a bike rally from Kurmannapalem to the GVMC office in the city According to the protesting employees, the steel.......

Central Electronics disinvestment: Govt extends EoI submission deadline by a month

A notification released by DIPAM said that the last date for the submission of EoIs for the disinvestment of Central Electronics has been extended from June 15 to July 15 Central.......

BPCL to cut capex plan for FY2020-21 by 36%: Director (Finance)

We are planning to spend around Rs 8,000 to 8,500 crore for FY21, said Vijayagopal N, Director (Finance) at BPCL The company would have otherwise spent Rs 10,000-11,000 crore in.......