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Only half a dozen CPSEs including Pawan Hans on floor for sale

By IndianMandarins- 19 Jul 2018
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only-half-a-dozen-cpses-including-pawan-hans-on-floor-for-saleAhead of Lok Sabha poll in 2019, the Centre was expected to go slow on the issue of strategic sale of Central PSUs but the Department of Investment and Public Asset Management (DIPAM) appears to have decided to go ahead with the disinvestment and merger (with similarly placed SPCEs) of six entities. Though, as compared to previous financial year, it will certainly remain far behind the disinvestment target. These half a dozen PSUs expected for disinvestment in financial year 2018-19 include Central Electronics Limited (CEL), Engineering Projects India Ltd (EPIL), Pawan Hans, Scooters India Limited (SIL) and Hospital Services Consultancy Corporation Limited (HSCC). At least thirty 30 entities were initially identified for strategic sale but finally it considered only six entities. Significantly, since 2011-12 for the first time in 2017-18 the government achieved the disinvestment target more than what it aimed for. In 2017-18 it crossed one lac crore mark. The union government was aspiring to hit a disinvestment target of Rs 800 billion mark but it failed to take off as it did not attract any single bidder for Air India in the current financial year.

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