PSU Watch

PSU Watch is a news platform under 27 Frames Communications LLP that focuses on business-related topics. It highlights developments in Public Sector Undertakings (PSUs), governance, bureaucracy, defense, and public policy, especially during this time of significant transformation in these areas.

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Amid APM gas supply cuts, govt unveils new domestic gas allocation policy

6 days ago | psuwatch.com | Shalini Sharma

New Delhi: Amid cuts in the allocation of Administered Price Mechanism (APM) gas to City Gas Distribution (CGD) companies, the government has now come out with a new plan for gas allocation to these entities. The Ministry of Petroleum and Natural Gas has tweaked the domestic gas allocation policy to allocate natural gas to Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) retailers two quarters in advance to give them supply visibility.
JWG recommends inter-ministerial, inter-state mechanism to address issues in oil & gas sector

1 week ago | psuwatch.com | Shalini Sharma

New Delhi: The Joint Working Group (JWG) formed to address critical bottlenecks that affect the ease of doing business in India’s oil and gas exploration and production (E&P) sector has proposed broadening its scope to involve representatives from state governments and other relevant Union ministries in a formal mechanism, a Joint Standing Committee, to streamline statutory approvals.
ONGC secures highest number of blocks in OALP Round-IX, followed by Vedanta, OIL

1 week ago | psuwatch.com | Shalini Sharma

DSF RoundUnder Special DSF Round 2024, two blocks in the Mumbai Basin were awarded to Adani Welspun Exploration Limited (AWEL) and Hindustan Oil Exploration Company Ltd. In addition, the minister launched DSF Round-IV, comprising 55 discoveries across nine contract areas with estimated reserves of 258.59 million metric tonnes of oil equivalent (MMTOE).
Haryana gets 2 key energy projects, set to see power generation capacity rise to 24,000 MW

1 week ago | psuwatch.com | Shalini Sharma

Stressing on the critical role of electricity in building a developed India, the Prime Minister highlighted the government’s efforts to enhance power availability, including initiatives like One Nation-One Grid, new coal power plants, solar energy projects, and the expansion of the nuclear sector.
Petroleum Ministry proposes new policy for allocation of kerosene oil to states

2 weeks ago | psuwatch.com | Shalini Sharma

According to the Petroleum Ministry, currently, 20 states in India do not require kerosene — Andaman and Nicobar Islands, Andhra Pradesh, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Ladakh, Lakshadweep, Madhya Pradesh, Nagaland, Puducherry, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand. Kerosene is largely used by ration card holders for cooking and lighting purposes.
PESB draws interview list for ONGC Director (Exploration). Here are shortlisted candidates

2 weeks ago | psuwatch.com | Shalini Sharma

New Delhi: The Public Enterprises Selection Board (PESB) has shortlisted 12 candidates for the post of Director (Exploration) at Oil & Natural Gas Corporation (ONGC), an order issued by the headhunter and accessed by PSU Watch shows. The interviews for the post are slated to take place on April 17 between 9 am and 11 am. The PESB has asked the ONGC Chairman to attend the meeting to assist the Board in making its recommendation.
Fuel excise duty hike: How will it impact oil PSUs?

2 weeks ago | psuwatch.com | Shalini Sharma

Commenting on the impact of the excise duty hike, ratings agency ICRA said, “Owing to the significant decline in crude oil prices recently, the marketing margins of oil marketing companies are expected to remain healthy despite the excise duty increase. Crude oil prices have crashed to USD 63-64/barrel (bbl) now from above USD 77/bbl as on March 31, owing to growing fears of a global recession with retaliatory tariffs being announced by China.
LPG cylinder price hiked by Rs 50 from April 8: Puri

2 weeks ago | psuwatch.com | Shalini Sharma

New Delhi: The price of Liquefied Petroleum Gas (LPG) cylinders will be hiked by Rs 50 per cylinder starting April 8, said the Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday. While addressing a press conference, the minister noted that the 14.2-kg domestic cylinder worth Rs 803 will now cost Rs 853, while the domestic LPG cylinders will now cost Rs 553 for Ujjwala beneficiaries, and Rs 853 apiece for non-Ujjwala beneficiaries.
No increase in petrol, diesel prices even as excise duty hiked

2 weeks ago | psuwatch.com | Shalini Sharma

New Delhi: State-run Oil Marketing Companies (OMCs) will not increase the prices of petrol and diesel even as the government has announced an increase in the excise duty levied on the two, said the Ministry of Petroleum and Natural gas on Monday. The Ministry of Finance has increased the excise duty on petrol and diesel by Rs 2 each, an official circular that came out on Monday said. The hike will come into effect on April 8. The decision comes at a time when global oil prices have been volatile.
Coal India to bring in dress code for employees, workmen soon!

2 weeks ago | psuwatch.com | Shalini Sharma

New Delhi: State-run Coal India Ltd (CIL) is set to bring in a dress code for all of its employees, starting right from the Chairman to Directors, officers and workmen soon, PSU Watch learnt from sources. While the dress code for male employees will consist of navy blue pants and sky blue shirts, for women employees, the dress code will be maroon kurta or saree and black blouse or salwar and dupatta.