The government said it is likely to auction coal blocks for commercial mining this financial year and is working out details for the same.
Tag: PSUs
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Merger of BSNL, MTNL, ITI
The proposal to merge the three telecom public sector undertakings BSNL, MTNL and ITI could be one of the first things that the new government could be undertaking. According to sources in the Department of Telecom (DoT), a note for the consideration of the government to this effect is being drafted.
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Increased prices have enthused us to explore more gas fields
It´s been a good year for O and G, setting the right agenda for reforms and increased private participation in exploration, says LK Gupta, MD and CEO, Essar Oil, in a conversation with Shashidhar Nanjundaiah.
Will you participate in the upcoming 10th round of NELP?
We have not yet taken a call. If we find value, we will consider it. We are currently more focused on completing our Ranigunj CBM fields and running our Vadinar refining plant optimally. This is a period where we are preparing for f
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CPSUs the cash machines
As the government prepares to divest PSUs and raise Rs 54,000 crore, it will simultaneously urge PSUs to invest in infrastructure projects. While this is a smart move to reinvigorate the stranded sector, the irony of public sector investment in private side of equity is not lost. While they stare at a disappointing year for PSUs on the stock exchanges, what has galvanised many of these mammoth organisations that have transformed these custodians of public money into vibrant, corporate and profit
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RBI suggests reducing govt stake in PSU banks
In a discussion paper, Reserve Bank of India (RBI) suggested that the government may consider reducing its stake below 51 per cent in state-run banks. While reducing its stake, government may take certain protective rights by amending the statutes governing the PSU banks, the paper
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Land transfer to metro rail firms
The Union Cabinet recently approved the proposal for treating 50:50 joint ownership metro rail companies like DMRC at par with CPSUs for transfer of land. This will allow to transfer/alienation of land including defence land to metro rail companies having 50:50 partnership between the Government of India
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Exploring new options
The exploration capacities of PSUs and the state governments are almost utilised. Dilip Kumar Jena and Bhavesh Singhavi recommend why we should study the best practices in Canada and other mining-rich countries while engaging the private sector.
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SCI may cater to state-run firms to get assured revenue
Industry analysts suggest Shipping Corporation of India (SCI) to enter into joint venture agreements with public sector undertakings (PSUs) in order to get assured cargo and revenue stream. During 2012-13, SCI incurred a net loss of Rs 114 crore while its total revenue stood at Rs 4,152 crore. At a time when the economy and trade flows are in a downturn, catering to the logistic needs of state-run com
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Govt considers 17 coal blocks for state-run firms
The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ‘Auction by Competitive Bidding of Coal Mines Amendment Rules, 2012
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Minister may hold meeting with PSUs to review investment
Between March 22 and April 22 Finance Minister P Chidambaram may hold a meeting with heads of public sector undertakings (PSUs) to review their capital expenditure plan, reports suggest. During the meeting, the minister may discuss capital expenditure plans of PSUs for the coming financial year and also to prod the private sector to invest more
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