4 Maharatna, 1 Miniratna PSUs & Other Key Govt-Owned Stocks in Focus Today

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4 Maharatna, 1 Miniratna PSUs & Other Key Govt-Owned Stocks in Focus Today
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Bharat Petroleum (NS: BPCL ): The insurance giant Life Insurance Corporation (NS: LIFI ) has raised its shareholding in the ‘best performing’ Maharatna PSU by picking an additional 2.01% stake in the refiner for almost Rs 1,598 crore since Dec 2021. It now holds a 9.04% stake in the company from 7.03%.

Power Grid Corporation of India (NS: PGRD ): The Maharatna PSU’s board has appointed its Director (Finance) G Ravisankar as the CFO, starting Sept 26.

Bharat Heavy Electricals (NS: BHEL ), NTPC (NS: NTPC ): The engineering PSU major BHEL has secured an order from NTPC for setting up a 2x660 MW thermal power project. The two PSUs are credited with Maharatna status.

NHPC (NS: NHPC ): A powerhouse at the Miniratna PSU’s under-construction 2,000 MW Subansiri Lower Hydro Electric project collapsed due to rising water level in the Subansiri river after heavy heavy rainfall in the foothills of Arunachal Pradesh.

Bank of India (NS: BOI ): The state-owned lender has bought a 5.56% stake in the e-commerce company Open Network for Digital Commerce for Rs 10 crore under the private placement route.

ITI (NS: ITEL ): The state-owned telecom equipment manufacturer will have its annual general meeting on Wednesday and as per Trendlyne data, the board will consider the preferential issue of shares at the meeting.

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