PSU sector news, Indian public sector latest news update, public sector undertakings news
Business Today

The state-owned Steel Authority of India has offered JP Morgan, Deutsche Bank, SBI Capital, Enam Securities, Kotak Mahindra Capital and HSBC to manage its offer.

Sources said the talks are at an initial stage and a decision would only be taken after the completion of CIL's mega IPO - starting October 18 and ending October 21.
Indian Oil Corp is banking on the reimbursement to clean up its books and show a profit for the first half of the current financial year (April- September).
The company has zeroed-in on Lote Parshuram area, in coastal Ratnagiri district of Maharashtra, for setting up a 9-15 mtpa refinery.
State-owned NTPC is likely to pick up stake in two coal mines in Indonesia, a move that would help the company secure its raw material requirement.
DTH firms in India sight profits as they find themselves on the cusp of what promises to be the world's biggest market for satellite-based TV services.
State fuel retailers IOC, Bharat Petroleum and Hindustan Petroleum sell diesel, domestic LPG and kerosene at government dictated rates, lower than cost of production.
The state-owned firm has set a price band of Rs 225-245 a share for the IPO - part of India's efforts to divest stakes in PSUs and India's largest-ever IPO.
The oil giant wants to push up its business from Rs 6,000 crore in the current financial year to Rs 15,000 crore, with the help of this value-added segment.
The government feels the selection of such investors during CIL's IPO - in case their demand for the issue exceeds the limit - may not be transparent.
The state-owned company said the bankers will manage the first phase of its upcoming Rs 8,000-crore follow-on public offer, scheduled for early next year.
ONGC on Friday surged over 4 per cent on the Bombay Stock Exchange, after the state-run energy major made an oil discovery in western onshore basin in Gujarat.
By helping farmers till their land, Coromandel International has created a new revenue stream.