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FinMin identifies PSUs for divestment
By agencies
|
Wednesday, 14 December 2005, 20:30 IST
NEW DELHI: The finance ministry has identified six profit making non-navratna companies to offload a minority stake between 5-10 percent.
The PSU selected are for divestment includes Bharat Sanchar Nigam Ltd, Shipping Corporation, Nalco, Power Grid, Container Corporation and Power Finance Corporation.
A government source said a clearer picture on the modalities and quantum of shares to be divested in each PSU would emerge by the end of the month. The Government has also spoken to the communist allies who have opposed all government move to divest its stake in profit-making PSUs.
If the divestment process is completed this financial year itself, the government stands to gain $1 billion that will be used to fund social sector projects.