Cabinet panel to soon take up proposal to pare majority govt stake in PSUs

BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far

As the Narendra Modi government races against time to meet its highest ever divestment target of Rs 1.05 trillion, the Cabinet Committee on Economic Affairs (CCEA) is likely to take up for consideration two major proposals very soon. 

One will be ‘strategic sales’ of five state-owned companies and the other will be the proposal for the Centre to reduce stake in some companies to below 51 per cent and still maintain a majority stake.

The five companies are Bharat Petroleum Corporation (BPCL), Container Corporation of India (Concor), Shipping Corp of India (SCI), THDC India, and North Eastern Electric Power Corporation.

The other proposal,