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Five sick PSUs, including 3 HMT units, to be closed down

Heavy Industries Minister Anant Geete says there are 65 units in the list of sick PSUs as of March 31, 2014.

 
 
The state-owned company's rare spot requirement is due to a planned maintenance at its Koyali refinery in Gujarat.
International Coal Ventures (ICVL) is a PSU consortium formed to acquire coal mines overseas.
IOC will invest another Rs 890 crore in construction of a dedicated naphtha pipeline from Jaipur to Panipat along with augmentation of Koyali-Sanganer product pipeline.
This is the biggest-ever share sale by any private or public sector company in India.
The government plans to sell 315.8 million shares in Coal India on Friday with an option to sell another 315.8 million in the auction.
Oil Minister Dharmendra Pradhan said that the stake sale was still on the government's divestment list despite the challenge posed by falling global oil prices.
 
 
The ministry on Monday wrote to Oil and Natural Gas (ONGC) that a disciplinary proceeding against Shankar is being contemplated.
Coal Secretary Anil Swarup further said that instead of 36 coal mines the government has decided that it will allot 45 coal blocks to state-run companies.
The subsidy payment was in form of discount on crude oil it sold to refiners and its net realisation after the payout was $35.57 per barrel.
Retail investors would get five per cent price discount and 20-per cent shares worth more than Rs 4,000 crore would be reserved for them.
The government is selling 315.8 million shares of Coal India with an option to sell another 315.8 million, according to a notice to the bourses on Wednesday.
And they have just four years to do so. The list includes State Bank of India, Punjab National Bank and Canara Bank.
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