The civil aviation ministry is contemplating to begin the performance of public sector undertakings (PSUs) under its aegis on a balance scorecard methodology to put an end to the conventional ways of reviewing public enterprises’ performance
Steel Authority of India Ltd’s (SAIL) unit Rourkela Steel Plant has posted its best ever single day crude steel output of 11,285 tonne from its two steel melting shops — SMS-I and SMS-II, reported Business Standard. Acc
The Oil and Natural Gas Corp. Ltd (ONGC), a Maharatna PSU, has decided to buy an 80 percent stake and development rights in Gujarat State Petroleum Corp. Ltd’s (GSPC’s) Deen Dayal West field in the Krishna Godavari offshore block
Public sector today plays a big role in the economy and it is in “direct competition with the private sector”, said Ram Vilas Paswan, union minister of consumer affairs, food and public distribution at Governance Now fourth PSU Awards
Public Sector Undertakings are a great tool for economic development and they should do well and make profits, said Babul Supriyo, minister of state, heavy industries and public enterprises, who was the guest of honour at Governance Now fourth PSU
We need to build a strong country through a strong PSU community, said Vinit Goenka, member IT taskforce, ministry of shipping, road transport and highways in his opening address at the Governance Now fourth PSU Awards ceremony held on Friday in D
Technology can play a crucial role in helping PSUs perform better and strengthen India, said a panel of experts on public policy and business at a panel discussion during Governance Now fourth PSU Awards ceremony held on Friday in Delhi.&nbs
Rail Vikas Nigam Limited (RVNL) and ministry of shipping’s joint venture, Indian Port Rail Company Limited (IPRCL), has completed the pre-feasibility study of a heavy haul rail corridor from Ib Valley-Talcher to Paradip and Dhamr
The CAG has found shortcomings in the Restructured Accelerated Power Development and Reforms Programme (R-APDRP), which was to focus on reduction of losses, establishment of reliable and automated system for collection of accurate base lin
National carrier Air India will get only Rs 80 crore as additional budget support in the current financial year from the government – much below its demand of Rs 2,200 crore, reported The Business Standard.
Artificial Limbs Manufacturing Corporation of India, a Miniratna-II CPSU, has signed an agreement with Motivation Charitable Trust of UK to manufacture WHO compliant wheelchairs in India. The Transfer of Technology (
NTPC Limited and National Aluminium Company Limited (NALCO) have signed a Memorandum of Understanding (MoU) for power generation. A 2400 MW coal based power project will be established at Gajmara, Dhenkanal in Odisha and supply cap
The cabinet secretariat is likely to issue a directive to the ministries concerned shortly to explain the slackness as well as steps being taken to bring initial public offerings (IPOs) of unlisted firms, reported Financial Express.
The Bharat Heavy Electricals Limited (BHEL) has bagged a major order for the supply of 118 traction converters for 3 Phase 6,000 HP Electric Locomotives. Indian Railways’ Chittaranjan Locomotive Works (CLW) has placed the ord
“There is an idea circulating that Air India will do better if its debt is restructured,” union civil aviation minister Ashok Gajapathi Raju told Hindu BusinessLine. The minister, however, also stressed the need to evol
State-owned enterprises aren’t holding back on their capital expenditure (capex spends) even though there has been negative cash flows last year. Many are utilising the profits generated in the current year to add capacity and bridging the d
In its bid to provide professional support to budding SC/ST entrepreneurs, National Small Industries Corporation Ltd. (NSIC) has rolled out National Scheduled Caste and Scheduled Tribe (SC/ST) Hub, said minister of state for MSME Haribhai Pa
Cochin Shipyard, Hudco and Hindustan Aeronautics are likely to file draft red herring prospectus within a week with market regulator Sebi for their initial public offering (IPOs). The government aims to raise abo
The nation has embarked on a mission to reduce India’s carbon footprint by phasing out all inefficient thermal power plants, older than 25 years, with modern energy efficient super critical ones, said union power minister Piyush Goyal
The government has taken several policy initiatives as well as administrative measures to enhance production of oil and gas in the country to meet domestic demand, minister of state (I/C) for petroleum and natural gas Dharmendra Pradhan info
