In a bid to speed up the divestment process and meet targets for the current fiscal, the government is looking to push at least three firms, including Rail Vikas Nigam Ltd (RVNL), to tap the markets in the next two months. It also plans to launch its Debt Exchange Traded Fund (ETF) soon. A Finance Ministry official said it plans to list at least five more companies by December end.
The companies that may see their Initial Public Offerings (IPOs) include MSTC, North Eastern Electric Power Corporation Ltd (NEEPCO), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders.
The government so far has raised around Rs 434 crore through the IPO of Mishra Dhatu Nigam (MIDHANI). It has set a divestment target of Rs 80,000 crore for the current financial year. In 2017-18, the government had raised over Rs 1 lakh crore from divestment proceeds.