New Delhi, June 25 (IANS) The government has raised more than Rs 25,000 crore so far this year through stake sales in public sector undertakings (PSUs) via the Offer for Sale (OFS) route, which is highest such fundraising exercise in over a decade, according to market data.The data — compiled by Prime Database — showed that the Centre mobilised around Rs 25,491 crore by diluting stakes in eight listed PSUs during 2026, the highest amount raised through PSU OFS issues since 2015, when about Rs …
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New Delhi, June 22 (IANS) The government on Monday trashed reports that it was planning an offer for sale of shares in Cochin Shipyard Ltd as part of the disinvestment programme. “No stake sale is planned in Cochin Shipyard at present,” a Finance Ministry official said, The clarification came after media reports, citing sources, said the Centre was considering an offer for sale (OFS) of a 6 per cent to 8 per cent stake in Cochin Shipyard. The reports said the transaction could raise more than Rs…
New Delhi, June 2 (IANS) The government’s Offer for Sale (OFS) in National Hydroelectric Power Corporation (NHPC) Limited was oversubscribed 3.47 times on the first day of bidding for non‑retail investors, and it exercised the entire 3 per cent greenshoe option, a regulatory filing said on Tuesday.The total stake on offer was raised to 6 per cent from the original 3 per cent. The sale, launched with a floor price of Rs 71 per share, will allocate shares on a price‑priority basis.Retail inv…
Srinagar, May 31 (IANS) Chairman-cum-Managing Director of NHPC, Bhupender Gupta, on Sunday successfully carried out the first blast for the construction of the 240-MW Uri-I Stage-II Hydro Electric Project in the Uri area of Jammu and Kashmir’s Baramulla district.A major milestone for Jammu and Kashmir’s power sector was achieved with the successful execution of the first blast for the 240 MW Uri-I Stage-II Hydro Electric Project by NHPC Chairman-cum-Managing Director Bhupender Gupta on Sunday, m…
Itanagar, May 10 (IANS) Arunachal Pradesh Deputy Chief Minister Chowna Mein has congratulated state-run NHPC for successfully commissioning Unit 4 (250 MW) of the Subansiri Lower Hydroelectric Project — the country’s largest hydroelectric project.The Deputy Chief Minister, who also holds the Power and Non-Conventional Energy Resources portfolio, said that with the commissioning of the fourth unit, the project’s total operational capacity has now reached 1,000 MW.Describing the achievement as …
Itanagar, March 28 (IANS) Arunachal Pradesh Chief Minister Pema Khandu, on Saturday, emphasised the state’s vast natural and resource potential, reiterating the state government’s commitment to converting these assets into sustainable revenue through well-defined policies. Officials from the National Hydroelectric Power Corporation (NHPC), who accompanied the Chief Minister, said the Subansiri Lower Hydroelectric Project is expected to generate 2,000 MW of power by December 2026, making it the l…
New Delhi, Dec 23 (IANS) Union Minister of Power Manohar Lal on Tuesday inaugurated the commercial operation of Unit–2 (250 MW) of the 2000 MW Subansiri Lower Hydroelectric Project through virtual mode. With the commissioning of Unit 2, the Project is moving swiftly towards commissioning of 3 Units of 250 MW each shortly, followed by phased commissioning of the remaining four units during 2026-27.Upon full commissioning, the 2000 MW Subansiri Lower Hydroelectric Project will make a significant…