Agencies
NEW DELHI, Jan 7: The government plans to sell stakes in Indian Oil Corporation and Engineers India Ltd this month and in BHEL in February as it rushes to meet its disinvestment target of Rs 40,000 crore. The government also proposes to offload equity in Hindustan Aeronautics Ltd (HAL) in March, Economic Affairs Secretary Arvind Mayaram said in an interview. "This will be very close to Rs 40,000 crore (target). Also in Exchange Traded Fund (ETF), we are going to float some of the PSU shares," he said.
Although the government had budgeted raising Rs 40,000 crore by way of public sector undertaking (PSU) disinvestment, it has so far managed to garner only Rs 3,000 crore from stake sales in seven PSUs, including Power Grid Corporation of India, Hindustan Copper, National Fertilisers and MMTC. |
