Govt going for privatisation of these 3 PSUs next
The government holds 54.03 percent stake in BEML and is looking to sell off 28 percent, said sources The other two PSUs which are likely to be taken up for privatisation are NINL and.......
To vet three EoIs BPCL bid evaluation committee to meet today
BPCL bid evaluation committee to meet on Tuesday to vet the three EoIs Vedanta, Apollo Global and I Squared Capital's arm Think Gas has submitted EoIs to buy BPCL New Delhi:.......
Govt begins process for disinvestment of 15% stake in TCIL
New Delhi: The government has begun the process for the disinvestment of a minority stake in TCIL (Telecommunications Consultants India Ltd), two notifications posted on the DIPAM (Department of.......
THDC, NEEPCO disinvestment: NTPC gets CCI nod to pick up govt stake
New Delhi: In an order released on Monday, the CCI (Competition Commission of India) gave a nod to the disinvestment of government’s shares in state-run THDC India Limited and NEEPCO (North.......
What will disinvestment in FY21 be like?
New Delhi: The current financial year may have seen the government trimming its target, but disinvestment in FY21 will be anything but conservative, sources from DIPAM (Department of Investment and.......
Here’s why BPCL EoI is taking so long to be out
New Delhi: Even though DIPAM Secretary Tuhin Kanta Pandey said at the beginning of February that the EoI, or the Expression of Interest, for the sale of BPCL, will be out in a few days, the industry.......
Divestment target: Minority stake sale to chip in Rs 15,000 cr before March-end
New Delhi: At least five-six minority stake sale in various PSUs that are expected to fetch Rs 15,000 crore and the NTPC-THDC-NEEPCO deal are expected to help the government meet the revised.......
In Q3, BPCL posts 26% drop in net profit quarter-on-quarter
New Delhi: State-owned BPCL (Bharat Petroleum Corp Ltd) has posted a 26 percent drop in standalone net profit quarter-on-quarter in Q3 of FY2019-20 at Rs 1260.63 crore. In the September quarter of.......
Economic Survey calls for ‘aggressive disinvestment’ of PSUs
New Delhi: The Economic Survey 2019-20 has urged the government to undertake strategic disinvestment of PSUs (public sector undertakings) in an aggressive manner in order to maximise the value of the.......
Oil PSUs to hold mass convention on Feb 9 against BPCL sale
New Delhi: Oil public sector undertakings (PSUs) are set to hold another national convention on February 9 to chalk out the future plan of resistance against the strategic sale of BPCL (Bharat.......
BPCL sale: IOC to take call on bidding after govt spells out rules
New Delhi: State-run IOC (Indian Oil Corporation) will take a call on whether to throw its hat in the ring for BPCL or not after the government releases the rulebook for strategic sale, CMD (Chairman.......
PSUs likely to take part in BPCL disinvestment
New Delhi: The Centre has asked at least a couple of major public sector companies, including IOC (Indian Oil Corporation) and ONGC (Oil and Natural Gas Corporation), to prepare itself to take part.......
Govt could cut down FY20 disinvestment target by 60%
New Delhi: The Central government is likely to reduce its 2019-20 disinvestment target by nearly 60 percent as it looks difficult that it will meet the target it set for itself in this financial.......
BMS holds protests pan-India against govt’s privatisation policy
New Delhi: RSS-affiliate BMS (Bharatiya Mazdoor Sangh) took on the BJP government’s privatisation policy towards the public sector with pan-India protests on Friday and declared its intention.......
This is why BPCL privatisation may not happen in FY2019-20
New Delhi: With just three months to go for the financial year to end, official sources seem unsure that the BPCL privatisation deal will be completed before the end of financial year 2019-20........
