BPCL Q2FY25 net profit slumps 72% YoY to Rs 2,297 cr
Oct 25, 2024, at 11:23 pm
Mumbai: Bharat Petroleum Corporation Limited (BPCL) reported a 72% year-on-year decline in consolidated net profit for Q2 FY2024-25, standing at Rs 2,297 crore due to reduced refining margins and lower crack spreads, according to a Moneycontrol report.
SBI classifies MTNL loan accounts as sub-standard NPA: Report
Oct 05, 2024, at 05:25 am
Mumbai: State Bank of India has classified the loan accounts of debt-laden state-owned MTNL as sub-standard non-performing assets due to missed payments of instalments and interest since June 30, according to a regulatory filing by the telecom firm, media reports said.
GRSE secures $54 million order, Centre upgrades PSU to 'Schedule A' category
Sep 19, 2024, at 08:39 pm
New Delhi/IBNS: The government on Wednesday (Sept. 18) upgraded shipbuilding and defence Public Sector Undertaking (PSU) Garden Reach Shipbuilders and Engineers Ltd. (GRSE) from Schedule ‘B’ to Schedule ‘A’ Central Public Sector Enterprise (CPSE), reports said.
Govt to cover MTNL's bond payments amid liquidity crisis: Report
Jul 26, 2024, at 02:39 am
New Delhi: The government will handle all future bond payments for Mahanagar Telephone Nigam Ltd. (MTNL) as the state-owned company deals with a liquidity crisis, according to a Bloomberg report.
Cochin Shipyard Ltd Q4FY24 PAT jumps Rs 258.88 cr
May 25, 2024, at 03:12 am
New Delhi: State-owned Cochin Shipyard Ltd reported an impressive increase in its consolidated net profit, reaching Rs 258.88 crore for the March 2024 quarter, driven by higher income.
Power Grid Corporation March qtr PAT drops 4% to Rs 4,166.33 cr
May 23, 2024, at 04:33 am
Mumbai: State-owned Power Grid Corporation reported a nearly four percent decrease in its consolidated net profit to Rs 4,166.33 crore for the March 2024 quarter, primarily due to a slight decline in income.
BHEL Q4FY24 net profit drops 26% to Rs 489.62 cr
May 22, 2024, at 02:35 am
New Delhi: State-owned Bharat Heavy Electricals Limited (BHEL) on Tuesday reported a consolidated net profit of Rs 489.62 crore for the January-March quarter (Q4) in the financial year 2023-24 (FY24).
Punjab National Bank Q4FY24 PAT soars 160% YoY to Rs 3,010 cr; NII grows 9% YoY to Rs 10,363 cr
May 10, 2024, at 06:09 am
New Delhi: Public sector lender Punjab National Bank (PNB) Thursday reported an impressive growth in net profit at 159.8% YoY to Rs 3,010.27 crore in Q4FY24 compared to Rs 1,159 crore in the corresponding period last year.
Bharat Petroleum reports highest ever net profit in FY24 at Rs. 26,673.50 cr
May 10, 2024, at 03:51 am
Mumbai: Bharat Petroleum posted the highest ever standalone net profit of Rs. 26,673.50 crores in FY24 as compared to the profit of Rs 1,870.10 crores in FY 22-23.
PSU Bank shares drop as new RBI norms for infra project financing spoil mood
May 07, 2024, at 02:02 am
Mumbai/IBNS: The shares of state-run lenders of India, including State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, Bank of Baroda (BOB), and Maharashtra Bank, tumbled up to 6 percent on Monday after the Reserve Bank of India (RBI) published a draft proposing tighter rules for lending and heightened monitoring for under-construction infrastructure projects, reports said.
Govt to divest up to 7% stake in NLC via OFS
Mar 07, 2024, at 04:36 am
New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.
BSE PSU Index outperforms Nifty 50 over past 5 years, analysis shows
Feb 08, 2024, at 05:32 am
Mumbai: The trend over the last five years show that the BSE PSU Index has demonstrated an impressive annualized return of 28%, nearly doubling that of the Nifty 50, according to DSP Mutual Fund Annual Note 2024.
ONGC planning to invest Rs 1 lakh cr to set up two petrochemical plants
Nov 16, 2023, at 04:21 am
Mumbai: India’s leading oil and gas producer and explorer ONGC is planning to invest approximately Rs 1 lakh crore in setting up two petrochemical plants aimed at directly converting crude oil into high-value chemical products, Moneycontrol reported.
REC inks MoU with NICSI for ICT and digital transformation
Oct 14, 2023, at 07:06 am
New Delhi: State-owned company REC, formerly known as Rural Electrification Corporation Ltd has signed a Memorandum of Understanding with National Informatics Centre Services Inc. (NICSI),
NTPC features in Forbes 'World’s Best Employers 2023' List
Oct 13, 2023, at 04:59 am
New Delhi: India’s largest integrated energy conglomerate NTPC Ltd has been featured as one of the “World’s Best Employers 2023” in the Forbes World’s Best Employers list 2023 released on Oct 10, 2023.
Oil India Ltd gets Maharatna status; ONGC Videsh raised to Navratna
Aug 05, 2023, at 02:00 am
New Delhi: The Finance Ministry has granted its approval for elevating Oil India Ltd's status to the 'Maharatna' category.
With new revival package, Govt makes more efforts to pull BSNL out of trouble
Jun 10, 2023, at 08:11 am
New Delhi: The authorised capital of state-run telecom company BSNL has expanded from Rs. 1,50,000 crore to Rs. 2,10,000 crore after the government announced a revival package of Rs 89,047 crore this week.
Finance Ministry allows PSUs to invest in debt schemes of all mutual funds
Dec 08, 2022, at 06:52 am
New Delhi: The Finance Ministry through a memorandum on Tuesday allowed Public Sector Undertakings (PSUs) to invest in debt schemes of all mutual funds.
NTPC among top great places to work: GPTW
Jun 25, 2021, at 10:28 pm
Mumbai/IBNS: India's top state-run electricity generator NTPC has been recognized as a 'Great Place to Work' for the 15th year in a row by the Great Place to Work Institute (GPTW).
All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs
Jul 05, 2019, at 04:26 pm
New Delhi, July 5 (IBNS): For bringing better public ownership of the PSUs and also bring greater commercial and market orientation of the listed PSUs, the Government proposes to take all necessary steps to meet public shareholding norms of 25% for all listed PSUs and raise the foreign shareholding limits to maximum permissible sector limits for all PSU companies which are part of Emerging Market Index.
Jun 05, 2018, at 05:45 pm
Kolkata, June 5 (IBNS): Hindustan Copper Limited (HCL) has achieved a record sales volume of 36435 tonnes of copper in 2017-18 which was the best in seven years for the PSU.