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The deferment of the RINL IPO notwithstanding, the Government plans to kick off three more public issues by November this year. These comprise Oil India Ltd, Hindustan Copper Ltd (HCL) and the National Aluminium Company (NALCO) according to the Department of Disinvestment Secretary M. Haleem Khan.
Speaking to mediapersons on the sidelines of the FICCI Ninth Annual Conference on Capital Markets: CAPAM 2012, Khan said: “We are trying to push HCL or NALCO in October or in the first week of November. If we are lucky, and market conditions are favourable, there could be a fourth public issue by of BHEL as well, by November.
“Of all the public issues lined up for this fiscal, NTPC would be the biggest and its size could be larger than the Coal India IPO.”
He said the Government is expected to mobilise over Rs 10,000 crore through the NTPC issue.
On the deferment of the RINL IPO for the third time impacting the Centre’s disinvestment target, he said: “RINL was a small issue, I don’t think it will have any bearing on the target per se.”
> Raghavendrarao.k@thehindu.co.in
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