PSU NEWS
Disinvestment in Indian Oil and 12 other companies
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.
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.
Read Also : NMDC's Promising Start to FY25, Targets 50 Million Tonnes
News Must Read
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
- GE Power received orders from two state-owned PSUs and one JV entity
- SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
- BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)