PSU PRESS RELEASE
Disinvestment kitty swells to Rs 34800 cr this year
NEW DELHI. The government received Rs 34,800 crore from the sale of minority stake in an array of state- owned firms this year even as it prepared ground for the first strategic sale of PSUs in over 12 years.
NITI Aayog was asked to prepare a list of PSUs that can be outrightly divested. Scooters India, Pawan Hans, Hindustan Newsprint and units of Cement Corporation of India were among those identified.
Selling four steel plants of NMDC and Steel Authority of India as well as offloading 26 per cent stake in Bharat Earth Movers Ltd to a strategic bidder is on the cards. In addition, Hospital Services Consultancy Corporation Ltd, National Project Construction Corporation Ltd, and Engineering Project (India) Ltd are to be merged with other sectoral CPSEs.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker Integration
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station