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ONGC share buyback to open from Jan 29-Feb 11

Tuesday, January 22, 2019, 7:08 AM

State-owned Oil and Natural Gas Corp's (ONGC) Rs 4,022 crore share buyback programme will open on January 29 and close on February 11, the company said in its offer letter to shareholders. ONGC's board had on December 20 approved buyback of 25.29 crore shares for Rs 159 apiece as part of the government plan to get cash-rich PSUs to part with their surplus.
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NTPC, three other PSUs included in CPSE ETF

Monday, November 12, 2018, 11:44 AM

The Finance Ministry has rejigged the CPSE Exchange Traded Fund (ETF) and has included in the basket the scrips of four State-owned companies NTPC, SJVN, NLC and NBCC, an official said. The Ministry has removed three of the existing companies GAIL, Engineers India Ltd. (EIL) and Container Corporation of India in the ETF basket and has replaced them with four new companies.
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Coal India relaxes norms for smallconsumers

Tuesday, November 6, 2018, 6:56 AM

Coal India has now made supply norms flexible for small consumers at a time when the Union coal ministry is absolutely focusing on supplying coal to the power sector only. The coal behemoth has relaxed its policy for mine-specific coal supply, which would ease availability of coal to consumers having less than 1 million tonne requirement per annum.

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