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Government Approves Strategic Sale of IMPCL to Skymap Pharmaceuticals for ₹121.01 Crore

Newsmantra — Tue, 02 Jun 2026 11:22:49 +0000

NEW DELHI. The government has approved the strategic disinvestment of Mini Ratna PSU Indian Medicines Pharmaceutical Corporation Limited (IMPCL), with Skymap Pharmaceuticals emerging as the successful bidder at ₹121.01 crore. The approval was granted by the Alternative Mechanism (AM), an empowered ministerial committee, paving the way for the transfer of 100% equity shareholding and complete management control of IMPCL to the private company. The move marks the government’s total exit from the entity and forms part of the Department of Investment and Public Asset Management’s (DIPAM) strategy to modernize the traditional medicine sector. Under private ownership, IMPCL is expected to accelerate research and development, align Ayush medicines with global pharmaceutical standards, and modernize its manufacturing infrastructure, including the Mohan plant, through advanced technologies and faster decision-making processes.

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Leadership Communication Workshop for CPSEs Professionals

Newsmantra — Wed, 22 Jan 2025 09:24:19 +0000

New Delhi. The Capacity Building Commission, Department of Investment and Public Asset Management (DIPAM), along with RailTel Corporation of India Ltd, successfully conducted a one-day workshop focused on enhancing leadership communication skills among executives from Central Public Sector Enterprises (CPSEs). The event brought together 30 executives from 15 different CPSEs, all keen to refine their abilities in engaging with financial analysts and investors.

The workshop featured insightful sessions led by experts from EY LLP and Initium Productions, alongside a distinguished panel of market analysts. Participants engaged in practical exercises and real-world simulations, receiving expert feedback that empowered them to develop effective communication strategies tailored for investor relations.

“This initiative reflects DIPAM’s unwavering commitment to building leadership capacity within CPSEs, which is essential for fostering transparency, accountability, and investor confidence in public enterprises,” said a representative from DIPAM.

Special acknowledgments go to the knowledge partners, EY and Initium Productions, as well as Diwakar Pingle and Santosh Pillai, whose expertise greatly enriched the workshop. The valuable insights and constructive feedback from the analysts and communication coaches were crucial in equipping the executives with the skills necessary to navigate the complex landscape of investor relations.

The workshop signifies a significant step in the continuous efforts under Mission Karmayogi, aimed at enhancing the operational efficiency and leadership capabilities of CPSEs.

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Govt. Approves IREDA’s Retail Subsidiary

Newsmantra — Fri, 11 Oct 2024 06:20:52 +0000

Mumbai, 10^th October 2024 : Indian Renewable Energy Development Agency Limited (IREDA) today received in-principle approval from the Department of Investment and Public Asset Management (DIPAM), to establish a wholly-owned retail subsidiary for handling the retail business under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes and B2C segments in RE and Emerging RE sector including EVs, Energy Storage, Green Technologies, Sustainability, Energy Efficiency, etc.

Commenting on this development, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, stated, “This new retail subsidiary marks a significant milestone in our journey towards fostering sustainable energy solutions at the grassroots level. By extending our expertise in renewable energy finance to the retail market, we will provide innovative financing options for both urban and rural consumers, promoting sustainable practices and reducing carbon footprints.”

This expansion aligns with the Government of India ’s vision to accelerate renewable energy adoption across the nation and create new opportunities in the clean energy sector.

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Shri Tuhin Kanta Pandey Appointed New Finance Secretary

Newsmantra — Mon, 09 Sep 2024 07:10:12 +0000

NEW DELHI. Shri Tuhin Kant Pandey appointed as the Finance Secretary. He’s currently serving as DIPAM Secretary. He is a 1987-batch IAS officer from the Odisha cadre, and took charge of DIPAM in October 2019.

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Govt receives Rs 2,413 crore dividend from BPCL

Newsmantra — Thu, 05 Sep 2024 05:41:35 +0000

The government has received about Rs 2,413 crore in dividends from oil PSU BPCL, the Department of Investment and Public Asset Management (DIPAM).

In the current financial year 2024-25 so far, Rs 15,389.14 crore has been received through dividends from the CPSEs contributing Rs 5,091 crore from Indian Oil Corp (IOC), Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as special dividend.

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NEWS MANTRA UPDATES

Newsmantra — Fri, 26 Jul 2024 04:41:45 +0000

July 26 -2024
1 . NEW DELHI .Finance Secy highlights divestment plans, says won’t announce in advance as govt wants best value for public companies. ET
2 . NEW DELHI . Aviation minister says customer is king, promises probe into allegations of abrupt airfare hike; The Economic Times
3. NEW DELHI . Govt focused on becoming a more privatised economy: DIPAM Secretary on PSE policy timeline; Money Control
4 . NEW DELHI .Coal-based power capacity needs investment of Rs 6.67 lakh cr to meet demand by 2032: Power Ministry; ET
5. NEW DELHI . PSU mergers overhyped; HR issues will lead to problems: DIPAM Secretary Tuhin Kanta Pandey. Money Control
6 . NEW DELHI . The aviation minister says the customer is king and promises to probe into allegations of an abrupt airfare hike. He said the airfare is market driven and many factors come into play while deciding the fare of any sector. Telegraph
7 . NEW DELHI . No plan on the table to merge more PSBs: Joshi. The 2021 budget proposal to privatise two PSBs is still under consideration; . Financial Express
8 . NEW DELHI . NHAI not facing financial crises, pre-paid Rs 15,700 cr bank loan: Gadkari; Business Standard
9 . NEW DELHI . Steel Ministry in talks with FinMin to pursue policy measures to curb surging steel imports, protect domestic market; Business Line
10. Guwahati. . Oil India signs MoU with Numaligarh Refinery Ltd for railway connectivity
11 . NEW DELHI . ONGC signs PML deed with Coal India for Coal Bed Methane Block.
12 . NEW DELHI . DGCA probes AI Express crew strike that caused flight cancellations – Business Standard
13 . NEW DELHI .Union Power Minister Shri Manohar Lal inaugurates the National Feeder Monitoring System Control Centre at REC Limited on its 55th Foundation Day.
14 . MUMBAI . IndiGo, Air India, SpiceJet alert flyers as flights delayed, cancelled amid Mumbai rain; Hindustan Times
15. MUMBAI . MTNL’s Land Monetisation Faces Hurdles Amidst State Government Lease Complications. Money Contro
16 . NEW DELHI . SAIL Chairman praises Budget’s focus on infrastructure Focus – Daily Pioneer
17. NEW DELHI .NLCIL Undertakes Mass Tree Plantation Drive To Commemorate Vriksharopan Abhiyan- 2024

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NEWS MANTRA UPDATES

Newsmantra — Mon, 05 Feb 2024 05:07:07 +0000

FEBRUARY 05 -2024

1 . NEW DELHI . Govt open to SBI, ONGC disinvestments; looking to improve PSU valuations: not against the idea of holding a minority stake in key strategic public sector companies, FM Nirmala Sitharaman. Money Control

2 . NEW DELHI . Modi dedicates NTPC SAIL JV 250 MW power projects to the nation

3 . NEW DELHI . DIPAM focuses on concluding ongoing strategic sales in FY’25, with no new CPSE for strategic sale. NDTV

4 . NEW DELHI . ONGC, IOC, and other oil PSUs to invest Rs 1.2 lakh crore in FY25 – 5 per cent higher than earlier year . NDTV

5 . NEW DELHI . PM Modi lays the foundation stone for 1st phase of NLC India’s Talabira power project in Odisha. Money Control

6 . HYDERABAD . NTPC Telangana Unit-2 successfully attained its full load capacity of 800 MW .

7 . NEW DELHI . MOIL surpasses last year’s total sales in just 10 months, hitting 11.82 lakh tonnes by January 24th.

8 . NEW DELHI . Central govt workforce likely to decline by nearly 50,000 in 2025. Business Standard

9 . HYDERABAD . NMDC readying the ground for a quantum jump by 2029. The Hindu

10 . PATNA . Bihar govt gives nod for setting up 2,400 MW coal-fired thermal power plant in JV with NHPC at Pirpainti. Times of india

11 . NEW DELHI . Govt is likely to push for Air India units’ stake sale in FY 25. The government is considering the disinvestment of Air India’s subsidiaries in FY25, including AIATSL, AASL, AIESL, and HCI. MINT

12 . NEW DELHI . SBI pensioners are likely to be rewarded as the bank has allocated to clearing the pension backlog. SBI chairman Dinesh Kumar Khara said the bank has decided to pay 1.8 lakh pensioners at 50 per cent. ET NOW

13 . NAGPUR. 21k cr for metro projects: Nagpur likely to benefit – Times of India

12 . MUMBAI . TCS promotion: Hikes and promotions at TCS, India’s largest IT firm, will now be reportedly linked to its recent return-to-office mandate. Business Today

10 . CHANDIGARH . Downgrading berths from 2 AC to 3 AC: Consumer court directs Northern Railway, IRCTC to pay Rs 10,000 to Zirakpur residents. Indian Express

14 . NEW DELHI . Ex-Air India Chief Arvind Jadhav Among 7 Named In CBI Chargesheet In Rs 225 Cr Scandal. Times Now

15. RANCHI . CMD, CCL Dr. B Veera Reddy honoured with Jaswant Singh Gill Memorial Award for Excellence in Mines Safety at the ISM Dhanbad Alumni Meet by IIT-ISM Dhanbad .

16 . NEW DELHI. Coal India Chairman honoured with ‘Bhaskar Bhattacharjee Memorial Award’.

17 . NEW DELHI . NTPC’s Ms Sangeeta Kaushik appointed MD of Bangladesh-India Friendship Power Company.

18 . NEW DELHI . Shri Vijay Kumar, special secretary in the Ministry of Cooperation, has been appointed as chairman of the Inland Waterways Authority of India.

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