Neepco

Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.

The government currently holds 89.85 per cent stake in Metal Scrap Trading Corporation (MSTC) and the balance 10.15 per cent is held by the members of the Steel Furnace Association of India and Ispat Industries Ltd.

The tenure of IPS officer Satish Verma, who was earlier a member of the Special Investigating Team (SIT) that probed the Ishrat Jahan case as Chief Vigilance Officer of NEEPCO, has been curtailed by the Centre.

The budget has proposed an outlay of Rs 53,296.87 crore for seven power sector PSUs, including major power producers NTPC and NHPC, PowerGrid Corp and Damodar Valley Corp, in the next fiscal.

The government’s plan of meeting disinvestment target for the current financial year has run into fresh problem as the ministry of power has indicated that all six companies under its administration will not be able to participate in the process.

Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.

The government currently holds 89.85 per cent stake in Metal Scrap Trading Corporation (MSTC) and the balance 10.15 per cent is held by the members of the Steel Furnace Association of India and Ispat Industries Ltd.

The tenure of IPS officer Satish Verma, who was earlier a member of the Special Investigating Team (SIT) that probed the Ishrat Jahan case as Chief Vigilance Officer of NEEPCO, has been curtailed by the Centre.

The budget has proposed an outlay of Rs 53,296.87 crore for seven power sector PSUs, including major power producers NTPC and NHPC, PowerGrid Corp and Damodar Valley Corp, in the next fiscal.

The government’s plan of meeting disinvestment target for the current financial year has run into fresh problem as the ministry of power has indicated that all six companies under its administration will not be able to participate in the process.