Industry & Economy
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Disinvestment
10 pc divestment in top PSUs can fetch Rs 31,000 cr: Assocham
Our Bureau
New Delhi
,
Aug 14
TAKING advantage of the boom in the stock markets, the Government can raise Rs 31,000 crore by divesting only 10 per cent of its stake in each of the top 14 PSUs, according to an Assocham Eco Pulse Study.
The PSUs can fill the State coffers and yet remain under the Government's control as the Government would still remain the largest shareholder.
The combined market capitalisation of the Government holding in these firms as on August 11 was Rs 3,16,981 crore on the NSE and the BSE.
The PSUs tracked by the study for the market value of the Government equity included BHEL, Engineers India Ltd, National Aluminium Company, Shipping Corporation of India, ONGC, HPCL, BPCL, NTPC, IOC, GAIL (India) Ltd, SAIL, MTNL, Corporation Bank, and Punjab National Bank.
In the Union Budget 2005-06, the allocations made for education, and health, and family welfare were to the tune of Rs 18,337 crore and Rs 10,280 crore respectively. The reforms process will get a big push if the Government succeeds in reviving the divestment policy,said Mr M.K. Sanghi, President, Assocham.
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