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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.

Parl panel raps DPE for delay in naming women Director to NTPC board

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A Parliamentary committee has pulled up the Department of Public Enterprises (DPE) for “inordinate delay” in appointment of women Directors and other Independent Directors...

Centre keen on closing PSUs, even when they are up for sale

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The Union government is making up its mind on the closure of central public sector units (PSUs) even when they have been approved for...

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,...

V R Akkaraju gets addl. charge of Chairperson of Mormugao Port Trust

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V R Akkaraju, Chairperson, New Mangalore Port Trust, has been given additional charge of the post of Chairperson (JS level), Mormugao Port Trust for...

BHEL forays into Lump-sum Turn Key business of Process Package for Downstream Oil &...

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Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a Sulphur Recovery Unit from IOCL.Significantly, with...

Rajendra Prasad Goyal appointed as Director (Finance), NHPC

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Rajendra Prasad Goyal has been appointed to the post of Director (Finance) in NHPC Limited for a period of five years. Presently, he is...

PFC Q4 net profit rises nearly 10% to Rs 4,295 crore on higher revenues

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State-owned Power Finance Corporation (PFC) on Wednesday posted a nearly 10 per cent rise in the consolidated net profit at Rs 4,295.90 crore in...

Govt appoints non-executive Chairman in four Public Sector Banks

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The central government has appointed Non-Executive Chairman on the Boards of four Public Sector Banks-Canara Bank, Punjab National Bank (PNB), Union Bank of India...

Deepak Kashyap appointed as CVO, Power Grid Corporation of India Ltd.

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Deepak Kashyap (IRTS:1986) has been appointed to the post of CVO, Power Grid Corporation of India Ltd. (PGCIL), Delhi under the Ministry of Power...

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...

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