The capital outlay for India’s oil and gas Public Sector Undertakings (PSUs) is seen rising marginally by 0.61 per cent to Rs 87,854 crore next financial year, budget documents show.
Just when the country is planning big reforms in the energy sector with a focus on green power, budget allocation to three Central PSUs in the energy sector based in Tamil Nadu has been lowered in the 2018-19 budget.
The government has begun the hunt for a full-time chairman and managing director of the world’s largest coal miner CIL and invited applications from professionals from PSUs as well as the private sector.
This new year, railways will only send greetings digitally and all its events will be sans the traditional presentation of bouquets.
Given the government’s inability to take tough decisions on privatising PSUs, it is not clear how it plans to take away various performing oil/gas fields from ONGC and give these away on a profit-share to various private oilcos—the one that promises the most output will likely win the bid and get a 60% share in these fields.
The state government-sponsored bids for tenders of solar power projects in Odisha is likely to see stiff competition, as top-notch private developers and leading public sector undertakings (PSUs) compete in the bidding process.
A panel headed by Finance Minister Arun Jaitley has finalised the launch date and quantum of issuance of ‘Bharat 22’ Exchange Traded Fund (ETF).
With growing controversies over perks given to senior minister and officials, as fresh news of extravagant junkets being enjoyed by this privileged group keep getting reported
The Petroleum Ministry has asked state-owned oil giants to come up with proposals for the companies they want to acquire or be merged with so as to become integrated oil company.
Helped primarily by a steep fall in raw material costs but also with a more rigorous reining in of employee costs, India’s central public sector enterprises (CPSEs) posted a decent 12.5% growth in aggregate net profit in 2015-16