Bridge & Roof Co. (India) Ltd. (A Govt. of India Enterprise)

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India has around three dozen century-old companies that are listed and still actively traded.

Bridge & Roof awarded highest ever contract for Rs. 543.91 Crores by M/s. HMEL at Bathinda, Punjab for Civil, Structural, Underground Piping work at Guru Gobind Singh Refinery.

Bridge & Roof Co. (India) Ltd. (A Govt. of India Enterprise) Established in 1920, Bridge and Roof has since come under the adminstrative control of the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises, Government of India.

NITI Aayog for strategic sale in 44 PSUs (Source : The Times of India - 8 September 2016)

NITI Aayog, which has been tasked by the government to identify companies for disinvestment, has made a case for strategic sale in 44 public sector companies.
"Dipam (Department of Investment and Public Asset Management) is working on that (strategic sale), taking it forward. For us, it's an ongoing process, so we are looking at the second lot, the third lot and we will come out with recommendations," NITI Aayog CEO Amitabh Kant told reporters.
Sources, however, said that Dipam is expected to take time before deciding on the detailed roadmap of the proposals and it is currently pursuing sale of ITDC hotels. Strategic sales will result in the government reducing its holding below 50% or selling all shares in the company along with management control to a private entity.

The Narendra Modi government has backed strategic sale after a gap of over a decade when the UPA opted to retain majority control. NDA is of the view that the government should focus only on key sectors and leave the non-core areas for the private sector. In doing so, it has gone back to the Atal Bihari Vajpayee government's policy, which saw the government sell companies such as IPCL, VSNL, Modern Foods and Balco to private players, while IndianOil acquired oil retailer IBP.
Strategic sales are budgeted to mop up Rs 20,500 crore for the Centre and are seen to be crucial in meeting this year's disinvestment target of Rs 56,500 crore. There is a view within the government that strategic sale may be not a politically prudent proposition and other options such as raising funds through buyback of shares by PSUs will help the Centre raise resources by deploying idle cash lying with state-run firms.

Kant said NITI Aayog's recommendations are based on "a very detailed analysis and inputs that it took", although government sources suggested that a lot of work would be required to be done.
The NITI Aayog CEO also said the panel has given a separate report on loss-making companies. There are 76 such companies which can be revived and some of these need to be closed, while others need strategic sale.

http://niti.gov.in/

NITI Aayog | (National Institution for Transforming India) Government of India

Government constitutes 3rd pay Revision Committee for the executive of CPSUs w.e.f. 01.01.2017

Press Information Bureau
Government of India
Ministry of Heavy Industries & Public Enterprises

Government constitutes 3rd pay Revision Committee for the executive of CPSUs

The Ministry of Heavy Industry & Public Enterprises has constituted the 3rd Pay Revision Committee for the executives of the Central Public Sector Undertakings under the chairmanship of Justice Satish Chandra (Retd.). The other members of the committee will be Shri Jugal Mohapatra, Ex-IAS Officer, Prof. Manoj Panda, Director, Institute for Economic Growth Delhi and Shri Shailendra Pal Singh, Executive Director (HR), NTPC Ltd. The Secretary Department of Public Enterprises will be the Ex-Officio Member while the Joint Secretary/Additional Secretary, DPE will be the member secretary for the committee.

The last pay revision for the executives of Central Public Sector Undertakings came into effect from 1.1.2007.

The Committee will provide its recommendations on the matter to the government, covering Board level functionaries, below–Board level executives and non-unionized supervisory staff of CPSEs. While submitting the final recommendations to the government, the Committee shall also take into account the Report of the 7th Central Pay Commission. The Pay Revision Committee will make its recommendations within 6 months from the date of its constitution. The decision of the Government on the recommendations of the Committee will take effect from 1.1.2017.

No need for NOC to apply for Passport for Govt. Servants, PSU/Autonomous body employees