Govt plans to sell stake in 5 PSUs this fiscal
New Delhi   24-Aug-2013

The government plans to offload 5-10% stake in five companies, including IndianOil, Engineers India (EIL) and BHEL, to achieve disinvestment target of Rs 40,000 crore in the current fiscal. Minister of State for Finance J D Seelam in a written reply to the Lok Sabha, said the government has approved disinvestment of 10% stake each in Indian Oil Corp (IOC), Hindustan Aeronautics, Rashtriya Ispat Nigam Ltd (RINL) and EIL. Also it has approved the proposal of 5% stake sale in BHEL.

Further, the government has also approved the proposal for a strategic stake sale in Tyre Corporation of India Ltd (TCIL), he added. So far in the current fiscal, the government has realised Rs 1,325.27 crore through stake sale in six companies -- MMTC, Hindustan Copper, Neyveli Lignite, National Fertilisers, STC and ITDC.