Industry & Economy
-
Disinvestment
Govt identifies more PSUs for divestment
Our Bureau
New Delhi
,
Dec. 13
THE Government is set to carry forward the divestment of profit making non-navratna public sector undertakings (PSU) with the Finance Ministry identifying six such entities to off load a minority stake of between 5-10 per cent.
The PSU divestment list includes Bharat Sanchar Nigam Ltd, Shipping Corporation, Nalco, Power Grid, Container Corporation and Power Finance Corporation.
A clearer picture on the modalities and quantum of shares to be divested in each PSU is likely to emerge by the end of the month, sources said. The Government has also held consultation with the Left parties that have been opposed to the divestment of profit-making PSUs.
The divestment process, which is likely to be completed during the current financial year itself, could see the Government raise Rs 4,000-5,000 crore. The funds garnered through the divestment process will be used largely for social sector projects.
Meanwhile, SBI Caps has been given the mandate to evaluate sale of the remaining 49 per cent Government stake in Bharat Aluminium Company. The decision to appoint SBI Caps, which is expected to submit its report within a month, was cleared by a high-powered Government committee late last week.
More Stories on :
Disinvestment
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
