Centre could privatise 5 companies by 2022; Check firms' names that could help meet disinvestment target
Zee News
For FY23, the Central government has reduced the disventment target to Rs 65,000 crore.
New Delhi: The government is reportedly expected to privatise five public sector undertakings by 2022, as the Centre plans to meet its disinvestment target of Rs 65,000 crore for the financial year 2022-23.
The government has already prepared a road map for the disinvestment of the companies in both non-strategic and strategic sectors, according to a report by Bloomberg.
The Central government had a disinvestment target of Rs 1.75 lakh crore for the financial year 2021-22, but managed to rake in only Rs 78,000 crore. Going forward, for FY23, the government reduced the target to Rs 65,000 crore.
- The Central government is likely to disinvest three companies – Bharat Petroleum Corporation Ltd (BPCL), Rashtriya Ispat Nigam Limited (RINL) and Pawan Hans.
– BPCL Disinvestment: Minister of State for Finance Bhagwat Karad recently informed the Parliament that the government has received several expressions of interest for BPCL.
