Tag: Disinvestment

Disinvestment of subsidiaries
State-owned companies now can decide on disinvestment of their subsidiaries

The proposal intends to reform the functioning of PSEs, by allowing greater autonomy to the Board of Directors of the Holding PSEs for taking decisions and recommend for...

  • Wednesday, 18 May 2022
Nalco employees launch 24-hour strike protesting divestment

Angul: Protesting Centre’s disinvestment plan, National Aluminium Company Ltd (Nalco) employees today launched a 24-hour strike bringing the operations to a grinding halt. The operations at smelter plant and the captive power plant of profit-making Public Sector Undertaking (PSU) have been virtually paralysed as workers, engineers and executives belonging to different unions of the company […]

  • Thursday, 22 July 2021
Naveen Patnaik
Odisha CM to take up Nalco disinvestment issue with Centre

Bhubaneswar: Odisha Chief Minister Naveen Patnaik today assured, a delegation of Nalco employees, who have been agitating against the Centre’s decision to disinvest 9.1 per cent of government share from the Navratna company, to take up the issue related to Nalco’s disinvestment with the Centre. While thanking Patnaik for allocating the Potangi mines in favour […]

  • Thursday, 22 July 2021
Employees protest Nalco disinvestment

Angul: Hundreds of employees of National Aluminium Company (Nalco) here took to streets on Friday protesting the Centre’s stake sale in the navratna PSU. The protestors staged a demonstration in front of the plant’s main gate and shouted slogans against the Centre which recently raised over Rs 1,200 crore via sale of 9.2 per cent […]

  • Wednesday, 21 July 2021
Finance Ministry
Amid Disinvestment Push, Finmin To Now House Dept Of Public Enterprises

The department, which was under the Ministry of Heavy Industries and Public Enterprises so far, would look into the residual work relating to erstwhile Bureau of Public Enterprises including the Industrial Management Pool.

  • Wednesday, 07 July 2021
Government eyeing Rs 90,000-cr divestment in FY20

New Delhi: The government raised its disinvestment target for 2019-20 by 12.5 per cent to Rs 90,000 crore even as less than half of the budgeted target of Rs 80,000 in the outgoing fiscal has been realised in the first 10 months. So far, the government has raised Rs 35,532 crore from the sale of […]

  • Tuesday, 04 May 2021
Govt To Sell 100 Pc Stake In Air India; Issues Bid Document

New Delhi: The government on Monday announced the sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment with the deadline for submitting an expression of interest set as March 17. As part of the strategic disinvestment, Air India would also sell 100 per […]

  • Tuesday, 20 April 2021
COVID-19 Impact On Power Sector: Odisha Seeks Rs 5,000 Crore Loan From Centre

Bhubaneswar: Odisha government has reportedly sought a loan of Rs 5,000 crore over a period of two financial years from the Centre to deal with the losses incurred due to the COVID-19 lockdown. In a letter to the Union Power Minister, Odisha Energy Minister Dibya Shankar Mishra said that the crisis due to the virus […]

  • Thursday, 15 April 2021
BPCL Strategic Disinvestment To Sail Through Without Further Extensions

New Delhi: Government is confident that the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) may go through without any further need to extend the bidding deadlines. The deadline for submitting the Expressions of Interest (EoI) for 52.98 per cent stake in the BPCL will end on July 31. BPCL disinvestment has received interest from […]

  • Wednesday, 14 April 2021
bpcl 1
BPCL May Buy Out Oman Oil From Bina Refinery Before Disinvestment

New Delhi: Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in its refinery joint venture in Madhya Pradesh, the Bharat Oman Refineries Ltd (BORL). Government sources said that the BORL became a subsidiary of BPCL in March this year and the next step […]

  • Wednesday, 14 April 2021