The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Tuesday, January 29, 2013

In a bid to tame the bulging fiscal deficit, the finance ministry had set an ambitious PSU divestment target of Rs 300 bn for the fiscal. But the gloom that persisted through most part of the year stalled many such plans. In the year so far, the government has managed to garner merely Rs 96 bn. Now, finally when the market sentiment has improved a bit, it is trying to hasten the stake sale in six companies before the end of the current fiscal. A fresh round of divestments is set to start off next week with the offer for sale of Oil India Ltd (OIL). The other five companies whose stake sale is slated to be done within the next couple of months are National Thermal Power Corporation (NTPC), Nalco, Steel Authority of India Ltd (SAIL), Minerals and Metals Trading Corporation (MMTC) and in Rashtriya Chemicals and Fertilizers (RCF).

No comments:

Post a Comment