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BHEL, MMTC, NMDC, MECON: Cabinet approves strategic sale
By IndianMandarins- 09 Jan 2020
1451Union Cabinet on Wednesday approved in-principle strategic
disinvestment of equity shareholding in five small PSUs -- Neelachal Ispat
Nigam Ltd, Minerals and Metals Trading Corporation Ltd, National Mineral
Development Corp, MECON and Bharat Heavy Electricals Ltd. It is believed that to meet the Rs 1 trillion target Union
cabinet also cleared many proposals that included strategic disinvestment of
small PSUs and ratification of MoUs on energy sufficiency between India and
Britain. The cabinet has also cleared promulgation of Mineral Laws opening up
coal mining for private sector players which may eventually lead to the end of
the monopoly of Coal India (CIL) over coal mining. Reportedly, it will help improving
the balance of payment as well.
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BHEL, MMTC, NMDC, MECON: Cabinet approves strategic sale
By IndianMandarins - 2020-01-09 11:12:00
Union Cabinet on Wednesday approved in-principle strategic
disinvestment of equity shareholding in five small PSUs -- Neelachal Ispat
Nigam Ltd, Minerals and Metals Trading Corporation Ltd, National Mineral
Development Corp, MECON and Bharat Heavy Electricals Ltd.
It is believed that to meet the Rs 1 trillion target Union cabinet also cleared many proposals that included strategic disinvestment of small PSUs and ratification of MoUs on energy sufficiency between India and Britain. The cabinet has also cleared promulgation of Mineral Laws opening up coal mining for private sector players which may eventually lead to the end of the monopoly of Coal India (CIL) over coal mining. Reportedly, it will help improving the balance of payment as well.
