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Liquidity crunch: Govt may get Rs 7 lakh cr by exiting for 51 PSUs

By IndianMandarins- 07 Nov 2019
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With the government struggling for liquidity in the market, the disinvestment proceeds for the government might be in excess of Rs 07 lakh crore if it decides to exit from 51 listed CENTRAL PSUs which are operating in the non-strategic sectors.

Analysts say that there is a huge divestment potential that can help the government generate large sums of revenue for the foreseeable future. These PSUs are in sectors such as oil marketing, steel, railways, shipping, coal mining, and energy.

Many analyses by domestic brokerage companies are showing up such results. This is much higher than the government’s disinvestment target of Rs 1.05 lakh crore for 2019-2020. The government is looking to disinvest some of the PSUs to infuse some money to pep up the market.

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