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Sick PSUs

Cabinet approves revised norms for time-bound closure of sick PSUs

These guidelines will replace the guidelines issued by DPE in September, 2016.

Jun 06, 2018, 16:45 PM IST

NITI Aayog preparing new list of sick PSUs for disinvestment: Amitabh Kant

The 2017-18 Budget had set the goal of disinvestment in public sector units at Rs 72,500 crore.

Feb 22, 2018, 09:18 AM IST

Maharashtra government to disinvest assets in 7 loss-making Public Sector firms

The Maharashtra government has decided to disinvest its assets in seven loss-making Public Sector Enterprises (PSEs) in the state.

Nov 07, 2015, 12:41 PM IST

Govt mulls entity to revive sick units using CPSEs' extra cash

The funds may be used for purposes like reviving sick PSUs and investment in infrastructure projects. There are 70 ailing PSUs and the government believes 43 out of these can be revived.

Jul 26, 2015, 10:38 AM IST

Five sick PSUs to be shut, employees to get good VRS: Govt

Five sick PSUs will be shut down and the government will pay good VRS package to their employees, according to Heavy Industries Minister Anant Geete.

Mar 12, 2015, 17:44 PM IST

Surplus cash of PSUs may be used to revive sick units

Surplus cash of state-owned enterprises including those of Maharatnas and Navratnas lying idle in banks may be used to nurse ailing PSUs that can be revived back to health, the government said on Friday.

Sep 12, 2014, 13:39 PM IST

SAIL, BHEL, HMT identified to takeover three sick PSUs

Government has identified three sick PSUs which will be either merged or taken over by SAIL, BHEL and HMT.

Aug 08, 2014, 15:26 PM IST

11 sick PSUs gets Rs 116 cr for payment of wages, other dues

The government on Thursday provided Rs 116.86 crore to eleven sick public sector units (PSUs) including HMT Machine Tools towards payment of wages and other dues.

Dec 26, 2013, 14:34 PM IST

Govt to create SNIF to help sick PSUs comply with Sebi norms

The government has approved setting up of Special National Investment Fund (SNIF) to help six sick PSUs, including HMT, ITI and Scooters India, to make them compliant with the 10 percent minimum public holding norm of market regulator Sebi.

Aug 02, 2013, 13:22 PM IST

Eight sick PSUs not paid wages to staff since Oct 2012: Patel

Eight sick Public Sector Units (PSUs), including HMT Watches and Hindustan Cables Ltd, have not paid salaries to their employees since October 2012, Parliament was informed today.

May 02, 2013, 23:27 PM IST