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Sick PSUs News

06 Jun 2018

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

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

22 Feb 2018

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.

Public sector disinvestment

07 Nov 2015

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.

Finance Corporation

26 Jul 2015

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.

12 Mar 2015

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.

12 Sep 2014

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.

08 Aug 2014

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.

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