#cpses

New Delhi (India), July 19 (ANI): In a strategic step towards fostering innovation and smart manufacturing, the Department of Public Enterprises (DPE), Ministry of Finance, organised a Workshop on Industry 4.0 in New Delhi. The workshop, organised on Friday, aimed to discuss strategies for the adoption and scaling up of Industry 4.0 technologies across various sectors, including Energy, Power,…

How State-Run PSUs Are Investing In Renewable Energy

NLC India Limited (formerly Neyveli Lignite Corporation Limited) has become India’s first Central Public Sector Enterprise (CPSE) to establish more than 1GW renewable energy (RE). The momentous milestone achieved is a glimpse of how state-run companies are foraying into renewable power. Why The Push In the nationally determined contributions (NDCs) as per the Paris Accord on Climate Change in…

CPSEs to get powers to sell arms, exit JVs

The Union Cabinet Wednesday empowered the boards of the Central Public Sector Enterprises (CPSEs) to privatise, disinvest or close their subsidiaries and stakes in joint ventures. The move will give a fillip to the government’s efforts to unlock capital, which are either stuck or sub-optimally employed in state assets, and put these into more productive use. Many large profit-making CPSEs like…