Govt considers listing PSU green energy arms, says Dipam secretary

21 Feb 2024 CW Team

Tuhin Kanta Pandey, the Secretary of the Department of Investment and Public Asset Management (Dipam), mentioned on Friday that the Central Government is considering the potential listing of subsidiaries of specific public energy companies.

Pandey stated that there was ample opportunity for the subsidiary units of some significant companies to enter the market. He observed a rapid transition occurring in the energy sector, with energy companies creating subsidiaries for green assets. According to Pandey, these subsidiaries exhibit tremendous growth prospects and are expanding rapidly. He expressed that such developments are expected to materialize.

Moreover, he mentioned that some of the monetisation activities could be executed through the capital market, specifically through initial public offerings (IPOs).

Pandey emphasised the importance of listings in deepening the market, highlighting that listed companies outperform their unlisted counterparts. Regarding the divestment of public sector companies, he emphasised the need for the dilution of stocks in the market to adhere to principles consistent with market dynamics. He cautioned against creating a price overhang or selling at undervalued prices.

Pandey shared these insights during his address at the capital market summit organized by the industry body Assocham.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..