From HSCC to Central Electronics, strategic sale of 5 PSUs likely in FY19

The Department of Investment and Public Asset Management (Dipam) has carefully examined 30 strategic sale candidates and earmarked five — HSCC, Engineering Projects India, Pawan Hans, Scooters India and Central Electronics — which it is confident of selling in 2018-19. The move comes after the government failed to find a single bidder for Air India, threatening to derail the Rs 800 billion disinvestment target for the current financial year.

Of the five, HSCC and EPIL are earmarked for sale to larger ‘similarly-placed PSUs’ and will likely be acquired by state-owned construction major NBCC. On the other hand, Pawan Hans, Scooters