Government formulates new policy for CPSEs

18 Jan 2023 CW Team

The improved financial results of Central Public Sector Enterprises (CPSEs) have helped Finance Minister Nirmala Sitharaman create a comprehensive plan for putting PSE policy and strategic disinvestment into action.188 of the 248 operating units reported a total net profit of 26.40 million rupees in the annual report on the performance of CPSEs, while 59 reported a net loss of 1.5 million rupees. There has been no profit or loss reported by the Food Corporation of India (FCI).

In FY22, 22 CPSEs went back to profit from loss. Compared to a loss of 809,88.30 million in FY21, these reported a total profit of 720,14.20 million for the fiscal year. Eight of the 22 companies reported profits of over one billion rupees.

The new policy, which is outlined in detail in the Budget for Fiscal Year 22, aims to reduce the number of CPSEs, which include financial institutions, and to open up a new investment space for the private sector. It says that CPSEs and financial institutions' economic growth will come from private capital, technology, and best management practices after disinvestment. The policy will classify various industries as strategic and non-strategic.

The first group of strategic industries includes defense, space, and atomic energy, while the second group includes transportation and telecommunications. The fourth has banking, insurance, and financial services, while the third has power, coal, minerals, and petroleum. Public sector businesses won't even be present at all in strategic areas. The remaining CPSEs in the strategic sector will either be privatised, merged with other CPSEs, subsidised, or shut down. CPSEs will be privatised in non-strategic sectors; otherwise, they will be shut down.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..