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Do or Divest!

Do or Divest!

With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).

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Experts brainstorm to boost steel demand in Indi

Experts brainstorm to boost steel demand in Indi

Building entire villages made of prefabricated steel, large steel silos to store food grains across the country and increase in steel components in highways, flyovers, bridges, automobiles and aviation can stimulate domestic demand for the metal, according to experts from the steel industry.

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CIL, SCCL earn Rs.30,000 cr

CIL, SCCL earn Rs.30,000 cr

The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.

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Rs.200-cr corpus for steel tech mission

Rs.200-cr corpus for steel tech mission

A corpus of over Rs 200 crore has been created for setting up of the Steel Research and Technology Mission of India (SRTMI), with the objective of making India self-reliant in special steels and making the country a metallurgical hub.

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Durgapur Steel takes up Rs 2,875 cr modernisation

Durgapur Steel takes up Rs 2,875 cr modernisation

SAIL's Durgapur steel plant has taken up modernisation at a cost of Rs 2,875 crore. The modernisation includes advanced pollution control measures etc. After the completion of the ongoing modernisation and expansion programme, the capacity of Durgapur Steel Plant (DSP) would be enhanced to 2.12 million tonne of saleable steel from the current level of 1.60 mt.

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CPSUs the cash machines

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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