Shipping Corp, BEML, BPCL To Be Privatised Next Fiscal; 3 IPOs Lined Up
NDTV
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22. In the revised estimates, the target for 2021-22 has been cut to Rs 78,000 crore.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the next year's target would be met by a mix of minority stake sale in CPSEs, listing of CPSEs and strategic sale.
"We have got multiple financial bids for Pawan Hans, we have to go further on that process. Shipping Corp, BEML and BPCL are in financial bids stage. HLL Lifecare and PDIL are in EoI stage. Besides, next fiscal we will go for listing of ECGC, WAPCOS and National Seeds Corporation and some minority stake sale, but there we might have less bandwidth," Pandey told PTI.
