• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi , June 23

In line with its Common Minimum Programme decision of not privatising profit-making PSUs, the Government on Thursday dropped a proposal to sell its stake in Engineering Projects India Ltd.

"The Cabinet has decided to give up the proposal to sell Government stake in Engineering Projects India Ltd," Finance Minister, Mr P. Chidambaram told reporters after a Cabinet meeting. He said the proposal to privatise the PSU was originally made by the previous Government. The proposal was dropped as EPIL has now turned into a profit-making enterprise, he said.

EPIL was one of the 13 companies, which were dropped from the privatisation list by the UPA government in August last year. Asked whether the Government has decided to sell its residual stake in aluminium firm Balco, he said no such proposal was taken up for discussion. The Cabinet also deferred a decision on selling Government equity in Tyre Corporation of India, he said.

More Stories on : Disinvestment | Policy | Consulting | PSU

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Emami to locate Rs 100-cr bio-diesel plant in Haldia

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line