No Navaratna CPSEs report loss of jobs due to cost cutting efforts As per information available, there are 255 operational Central Public Sector Enterprises (CPSEs) as on 31.03.2021 with a total turnover of Rs.24,26,045 crore in 2020-21. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply […]
REC achieves a ‘Perfect’ score on MoU parameters for FY21 – the best amongst all CPSEs – EQ Mag Pro
State-owned Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power, REC Limited has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed […]
Coal Ministry CPSE’s Clock 28.33% Growth in Capex – EQ Mag Pro
The Ministry of Coal, through its CPSE’s have registered 28.33% YoY growth in capex achievement for the period ending December, 2021. As compared to last year achievement of Rs. 9822.28 Crore for period upto December, 2020, Coal Ministry CPSE’s have done capex of Rs. 12605.75 Crore, thereby giving a major impetus to the Covid struck […]
Power CPSEs Capex rises 47% to Rs 40,000 cr in April-December – EQ Mag Pro
New Delhi : The power ministry on Thursday said the state-owned firms (CPSEs) under it have incurred capital expenditure of Rs 40,395.34 crore during April-December 2021, which is 47 per cent higher year-on-year. “CPSEs under Ministry of Power have incurred capital expenditure (Capex) of Rs 40,395.34 crore till the month of December during FY 2021-22. […]
lnvitation of Eol for empanelment of independent Experts for constitution of Conciliation Committees for dispute resolution of contractual disputes – EQ Mag Pro
lnvitation of Eol for empanelment of independent Experts for constitution of Conciliation Committees for dispute resolution of contractual disputes in respect of the projects implemented by CPSES / Statutory bodies under administrative control of Ministry of Power. For more information please see below link:
Power Minister chairs meeting on action plan for enhancing the investment by power sector CPSEs in renewable Energy Projects
A meeting to discuss the Action Plan for enhancing the investment by power sector CPSEs in renewable Energy Projects, was held under the Chairmanship of Shri R.K Singh, Union Minister of Power & NRE yesterday. Representative of all Hydro CPSEs, NTPC Ltd., MNRE and SECI were present in the meeting.Following decisions were arrived during the […]
MoP to ask CPSEs to give 25% rebate on power bills to discoms
The order, likely to dent the CPSUs revenues severely, is likely to be issued by the power ministry anytime after market closing hours on Friday New Delhi: In a major hit to central power companies including NTPC, NHPC and Power Grid Corporation (PGCIL), the power ministry is likely to advise them to forego upto one-fourth […]
Give priority to green projects: Renewable Ministry to CPSEs
New Delhi : All central public sector enterprises have been asked by the renewable energy ministry to prioritise renewable projects in their investment plans, as part of larger efforts to reduce carbon emission. The ministry has written a letter to all CPSEs, the Department of Public Enterprises (DPE) and the Department of Economic Affairs (DEA). […]