The Central Government is aiming to complete the privatisation of five to six state-owned companies, including Bharat Petroleum Corp Ltd, in the current financial year, Tuhin Kanta Pandey, the secretary of the Department of Investment and Public Asset Management, said at the CII Summit on Wednesday.

The Dipam Secretary said the Centre is aiming to close the privatisation of BEML and Shipping Corp of India and to list state-owned Life Insurance Corp on local bourses in the year to March next year.

On privatisation, he said, “BPCL is on due diligence stage. While financial bidding of BEML, Shipping Corp, Pawan Hans, Central Electronic and Neelanchal Ispat can take place in December to January and expecting their transaction in the current fiscal.”



Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
our App Now!!

Source link


Please enter your comment!
Please enter your name here