Cabinet To Take Crucial Call On Divestment This Week
The Hindu Business Line|September 30, 2019
The week beginning Monday could demonstrate whether Prime Minister Narendra Modi has the political will to privatize big state-run firms.
P Manoj
Cabinet To Take Crucial Call On Divestment This Week

Modi’s economic policy managers will place before his Cabinet a list of firms that sources say could potentially be sold to private firms.

The list includes Bharat Petroleum Corporation Ltd (BPCL); Container Corporation of India Ltd (Concor); Shipping Corporation of India Ltd (SCI); and two power producers, THDC India Ltd, and NEEPCO, according to government sources.

BPCL is a Maharatna PSU, while Concor and SCI are Navratna PSUs. THDC and NEEPCO are mini-ratna PSUs. The Department of Investment and Public Asset Management (DIPAM) is seeking clarity from the Cabinet on the way forward.

This story is from the September 30, 2019 edition of The Hindu Business Line.

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This story is from the September 30, 2019 edition of The Hindu Business Line.

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