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TREND | 24 Jun 2025

HCL to bid for critical mineral blocks with IOCL, GAIL, RITES: Official

Business Standard

Hindustan Copper Ltd , a Miniratna CPSE under the Ministry of Mines, plans to bid for critical minerals and rare earth element blocks along with other PSU's like Indian Oil Corporation Ltd (IOCL), GAIL (India) and RITES as part of its diversification strategy, a top official said. The copper company will soon enter into non-binding agreement with IOCL and GAIL (India) Ltd for this purpose. "Hindustan Copper (HCL) will participate in the auctions which will be coming up not only for copper blocks but also for blocks pertaining to critical minerals and rare earth minerals. "For example, if there is a critical mineral block or REE put up for auction by the Ministry of Mines & State Government, we will evaluate them and then HCL plans to tie up with PSUs on case to case basis to bid for those blocks, "Sanjiv Kumar Singh, Chairman and Managing Director, HCL told PTI in an interview. The company also plans to enter into pact with Coal India Ltd (CIL) for taking part in activities...

PSU

TREND | 23 Jun 2025

Yield on AAA-rated PSU bonds breaches 7% as long-term rates firm up

Business Standard

Notably, REC Limited raised 2,865 crore through 10-year bonds at a coupon rate of 7.06 per cent

PSU

TREND | 23 Jun 2025

Delegation from Chile in India to visit various units of Hindustan Copper

Business Standard

State-run Hindustan Copper Ltd (HCL) on Monday said a delegation of mining experts from Chile will visit various units of the PSU over the next three weeks to assess mining and operational aspects and explore opportunities for knowledge sharing and value addition. This comes after a memorandum of understanding (MoU) between HCL and CODELCO in the presence of the Prime Minister Narendra Modi and President of Chile Gabriel Boric Font, in April. "HCL welcomed a delegation from CODELCO (Corporacin Nacional del Cobre), the state-owned copper mining company of Chile, in New Delhi early today. In a first-of-its-kind mission in India, experts from the Chilean Copper major will be visiting all HCL units and offices across the country to assess various mining and operational aspects," the PSU said in a statement. The pact focuses on sharing knowledge and best practices to facilitate exploration, mining, and mineral beneficiation, along with employee training and capacity building. Mines...

PSU

TREND | 23 Jun 2025

PSU defence stock joins 3-trn market cap club; zooms 65% from April low

Business Standard

BEL share price: With a market cap of 3.03 trillion, BEL stands at 25th position in the overall market cap ranking of the BSE listed companies

PSU

TREND | 20 Jun 2025

This PSU stock zooms 100% from March low; hits over 10-month high today

Business Standard

Shares of BEML hit an over 10-month high at 4,697, zooming 10 per cent on the BSE in Friday's intra-day trade amid heavy volumes.

PSU

TREND | 19 Jun 2025

IT, PSU banks drag markets amid unclear Fed stance, Israel-Iran tensions

Business Standard

The Nifty IT index fell over 1 per cent, dragged by OFSS, LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent

PSU

TREND | 18 Jun 2025

SEBI Allows Delisting Relaxations For PSUs Through Fixed Price Process

NDTV Profit

Delisting of such eligible PSUs would be only through a fixed price delisting process, which shall be at least 15% premium over the floor price.

PSU

TREND | 16 Jun 2025

PSU Stocks In Limelight Should You Buy, Sell, Or Hold?

NDTV Profit

Analysts flag key levels and entry zones in HUDCO, Power Grid, and GMDC on Ask Profit.

PSU

TREND | 15 Jun 2025

CAG forms separate vertical for auditing of 1,600 state public sector units

Business Standard

Comptroller and Auditor General of India (CAG) has set up a separate unit for auditing of about 1,600 public sector undertakings (PSUs) run by various state governments for faster auditing and achieving greater efficiency. "Very recently a separate vertical has been created. An order has been issued. Once this vertical comes up, one location will have positions for auditing only state PSUs of a particular state," Deputy CAG K S Subramanian (HR, IR, Coord and Legal) said. This will help in faster auditing of state PSUs and improving efficiency of public enterprises, he said, adding, this is similar to the Central Public Sector Enterprises which are audited by a separate vertical. Currently, state PSUs are audited by members of senior management which has to do auditing of 4-5 states rather than one particular region, Subramanian said, adding, it takes time. A separate vertical would help in consolidation of information of all state PSUs and it will be easy for stakeholders to compar

CAG creates separate vertical for auditing of 1,600 State PSUs

Business Line | 15 Jun 2025

PSU

TREND | 13 Jun 2025

Nirmala Sitharaman To Meet PSU Bank Chiefs To Review Performance

NDTV Profit

This is going to be the first review meeting after the Reserve Bank on Friday carried out a jumbo policy rate cut of 50 basis points and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy.