India’s plans to disinvest some public sector
companies are likely to gain momentum with only four months left for the
financial year to end.
The government is rushing to complete at least part
of its disinvestment plan for 2014-15 and hopes to complete the process foir Coal
India, ONGC, SAIL, and NHPC by the end of January.
In a written reply in the Rajya Sabha , Minister of
State for Finance Jayant Sinha said the expected realisation from ONGC was Rs
11,477 crore, Coal India Rs 15,740 crore and NHPC Rs 1,976 crore.
The combined proceeds from sale of five per cent
each in Concor, PFC, REC and MOIL could be about Rs 5,210 crore at current
stock prices, while the government expects about Rs 5,500 crore from 10 per cent
stake sales in HAL and RINL.
Apart from stake sale in PSUs, the Centre also plans
to raise at least Rs 15,000 crore from sale of its residual stake in Hindustan
Zinc Ltd (HZL) and Balco, and Rs 6,500 crore from part-sale of the stake it
holds in Axis Bank, ITC, and Larsen and Toubro, through Specified Undertaking
of UTI (Suuti).
The government had approved revival of seven sick
central PSUs — HMT Machine Tools, Tyre Corporation, Tungabhadra Steel Products,
HMT Bearings, Richardson & Cruddas, Central Inland Water Transport Corp and
Hooghly Docks & Port Engineers Ltd through the disinvestment or joint
venture route.
No comments:
Post a Comment