Representive Image (PSU Connect)
New Delhi: Government now started to disinvest leading public sector undertakings including Indian Oil, NTPC, Power Finance Corporation, Power Grid Corporation India Ltd. GAIL, NALCO, Bharat Electronic Limited, BPCL, and many more.
Sources said that the government can reduce its stakes in the following companies by 51%. Earlier the government privatize some PSUs also. It is yet to be decided, the ministries will give their key terms and suggestions on this
This whole process can be taken almost a month to decide and further process and can be announced in the December end or early January.
The Petroleum Minister Shri Dharmendra Pradhan also indicated that oil marketing companies will not participate in BPCL's disinvestment process. He said that bidding would not be allowed to buy a stake in BPCL. Any buyer may have to spend around Rs 90,000 crore to acquire BPCL. Pradhan has also clarified that the government's job is not to do business.
This process has been in the eye for better work and to follow the professionalism.
Posted Date : 23-11-20
Categories : PSU NEWS