Centre to offload entire stake in three PSUs

The govt has 100% in NPCC and PDI, and owns a 51% stake in Pawan Hans

The Centre is preparing to get out of three state-owned companies — National Project Construction Corp (NPCC), Project and Development India (PDI) and Pawan Hans — as it ramps up its privatisation drive through strategic sale.

The government has 100 per cent in NPCC and PDI, and owns a 51 per cent stake in Pawan Hans, with the rest belonging to energy major ONGC Ltd. All the three are unlisted.

The Department of Investment and Public Asset Management (DIPAM) of the finance ministry has issued advertisements and requests for proposals to hire legal and financial advisors for the strategic sales. “Work on