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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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NBCC and HSCL Business Turnaround Case Study Wins National Recognition at AIMA

Newsmantra — Thu, 21 May 2026 09:13:43 +0000

NEW DELHI. National Buildings Construction Corporation (NBCC) has received prestigious recognition for successfully reviving Hindustan Steelworks Construction Limited (HSCL) under the guidance of its Chairman and Managing Director, Dr. K. P. Mahadevaswamy. A detailed case study exploring this business turnaround, which was created jointly by the Indian Institute of Management Ahmedabad and the Indian Institute of Management Calcutta, secured the second rank in a national competition organized by the All India Management Association (AIMA). This major achievement highlights NBCC’s strong leadership and effective corporate management strategies in rescuing and transforming struggling public sector companies.

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SCOPE welcomes an inclusive, reforms-oriented futuristic budget 2026, expanding opportunities and responsibility for Public Sector

Newsmantra — Mon, 02 Feb 2026 07:45:47 +0000

NEW DELHI. Standing Conference of Public Enterprises (SCOPE), compliments the Union Finance Minister for presenting a reform oriented inclusive and futuristic Union Budget 2026 that reinforces growth momentum and advances the vision of an Aatmanirbhar & Viksit Bharat. SCOPE welcomes the emphasis on long-term over short term thrust with sustained focus on capex, infrastructure development, MSME incentivisation, industry aligned skills, technology & innovation. The Budget also expands the opportunities for the Public Sector in the roadmap for a self-reliant developed India with sector-specific initiatives in many areas including infrastructure equipment & projects, manufacturing of electronic components, rare earths, mining, hi-tech tool rooms, Artificial Intelligence, Carbon Capture Units and production of hi-tech devices for divyangjan, while placing greater responsibility to drive capex, MSMEs and R&D.

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