The divestment menu for three dozen central PSUs in FY19 is being worked out. But as of now, the Finance Ministry is focused on disinvestment in six firms including Air India, Dredging Corporation of India Ltd and Indian Medicines Pharmaceutical Corporation Limited.
Plans are afoot to expose railway PSUs such as IRCTC and IRCON Ltd, Mishra Dhatu Nigam and Mazagon Dock Ltd to the market with their initial and further public offering.
All these PSUs are said to be readied for disinvestment. They have reportedly received approval from the Cabinet and their transaction and legal advisors are being appointed. If things work out, some of them could see disinvestment in the remaining months of FY18.
The Bharat-22 exchange-traded fund, which helped the Centre raise nearly Rs 14,500 crore, is also an option for 2018-19.
It is said the government may keep the target from disinvestment proceeds at a lower level in 2018-19, compared to the Rs 72,500 crore budgeted for this fiscal. "The target may be about Rs50,000-Rs55,000 crore, which, though less ambitious, is more achievable. Further, with a number of State elections in 2018, along with General Elections in 2019, disinvestment may have to slow down," said a source.
A final decision may be taken later this month when more detailed estimates for revenue and expenditure for the next fiscal gets available. An announcement on the Centre's disinvestment roadmap will be made by Finance Minister Arun Jaitley in the Budget on February 1.
The Medium Term Fiscal Policy Statement in Budget 2017-18 had also hinted at slightly subdued disinvestment plans in the coming years.
"The target for disinvestment receipts is kept conservatively at Rs 47,000 crore and Rs 40,000 crore in 2018-19 and 2019-20 respectively," it had said.
In the current fiscal so far, the Centre has raised Rs 53,833.05 crore from stake sale, and officials said the government is on track to meet the Budget target. Stake sale in a few more firms will take place over the next two months while the proposed merger of State-run oil companies ONGC and HPCL is also on track.
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Three dozen central PSUs to face market in FY19
By IndianMandarins - 2018-01-08 11:06:26
The divestment menu for three dozen central PSUs in FY19 is being worked out. But as of now, the Finance Ministry is focused on disinvestment in six firms including Air India, Dredging Corporation of India Ltd and Indian Medicines Pharmaceutical Corporation Limited.
Plans are afoot to expose railway PSUs such as IRCTC and IRCON Ltd, Mishra Dhatu Nigam and Mazagon Dock Ltd to the market with their initial and further public offering.
All these PSUs are said to be readied for disinvestment. They have reportedly received approval from the Cabinet and their transaction and legal advisors are being appointed. If things work out, some of them could see disinvestment in the remaining months of FY18.
The Bharat-22 exchange-traded fund, which helped the Centre raise nearly Rs 14,500 crore, is also an option for 2018-19.
It is said the government may keep the target from disinvestment proceeds at a lower level in 2018-19, compared to the Rs 72,500 crore budgeted for this fiscal. "The target may be about Rs50,000-Rs55,000 crore, which, though less ambitious, is more achievable. Further, with a number of State elections in 2018, along with General Elections in 2019, disinvestment may have to slow down," said a source.
A final decision may be taken later this month when more detailed estimates for revenue and expenditure for the next fiscal gets available. An announcement on the Centre's disinvestment roadmap will be made by Finance Minister Arun Jaitley in the Budget on February 1.
The Medium Term Fiscal Policy Statement in Budget 2017-18 had also hinted at slightly subdued disinvestment plans in the coming years.
"The target for disinvestment receipts is kept conservatively at Rs 47,000 crore and Rs 40,000 crore in 2018-19 and 2019-20 respectively," it had said.
In the current fiscal so far, the Centre has raised Rs 53,833.05 crore from stake sale, and officials said the government is on track to meet the Budget target. Stake sale in a few more firms will take place over the next two months while the proposed merger of State-run oil companies ONGC and HPCL is also on track.
