Mumbai: The NSE on Wednesday penalised over 30 government-run companies for violations of various listing norms, including for failure to appoint a women director on their boards and non-compliance with corporate governance norms. These PSUs include giants like Indian Oil (IOCL), Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Oil India, a release from the NSE showed.
These companies were part of over 200 companies, which were penalised by the bourse following a May 2018 Sebi circular.
The BSE also said it has penalised some companies for non-compliance of various listing rules.
Other than the large number of PSUs, the NSE also penalised leading private sector companies like Bharti Infratel, Adani Ports & SEZ, InterGlobe Aviation (parent of low-cost carrier IndiGo), Jet Airways and Jindal Steel & Power for various listing rule violations, the release said.