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Stay updated with the latest PSU news in India. This section covers CMD and chairman appointments, leadership changes and updates from major public sector undertakings and public sector banks.

HUDCO pays highest ever dividend for FY’20

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In its Golden Jubilee year, Housing and Urban Development Corporation (HUDCO) has made all-time high dividend pay-out of 31 percent amounting to Rs 620.59...

REC committed to achieve ambitious MoU Targets

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Department of Public Enterprises (DPE) has finalised ambitious targets for REC Ltd in the ongoing financial year. Revenue target for FY2021 has been set...

OIL’s 2019-20 profit 2,584 cr, revenue Rs 13,649 cr : CMD

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State-owned Oil India Ltd (OIL) has posted a profit after tax of Rs 2,584 crore with revenue of Rs 13,649 crore in fiscal 2019-20,...

SJVN signs MoU with Ministry of Power, Govt. of India detailing targets for year...

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SJVN Limited signed a Memorandum of Understanding (MoU) with Govt. of India for the year 2020-21 today. The MOU was signed between S.N. Sahai,...

SAIL Chairman Anil Kumar Chaudhary nominated as Chairman of CII PSE Council

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The Confederation of Indian Industries (CII), one of the largest of its kind in the Country, has nominated Anil Kumar Chaudhary, Chairman, SAIL as...

PFC eyes Rs 36,000 crore revenue in 2020-21

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State-run Power Finance Corporation (PFC) has set a revenue target of Rs 36,000 crore for the current financial year.PFC has signed a performance-based Memorandum...

NHPC signs MoU with Ministry of Power for FY2021

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NHPC Limited, India’s premier hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India has signed Memorandum of Understanding (MOU)...

REC holds its 51st Annual General Meeting

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The 51st Annual General Meeting (AGM) of REC Limited was held through Video Conferencing/Other Audio Visual Means. The meeting was held in the presence...

GAIL wins Leader Award

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GAIL India Limited has won the leader award in the Mega Large Business Process Sector category in the 11 the edition of Frost &...

ACC approves restructuring of SAIL’s board

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There is a major restructuring on the cards, for India's largest Steel manufacturer, SAIL , as the Appointments Committee of the Cabinet (ACC) has...

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