Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

Tuhin Kanta Pandey said the government is aiming to close the privatisation of BEML and Shipping Corp of India in FY22

India's government is aiming to complete the privatisation of five to six state-owned companies, including Bharat Petroleum Corp Ltd, in the current fiscal year, the secretary of the Department of Investment and Public Asset Management said on Wednesday.

Tuhin Kanta Pandey said the government 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 2022.

Pandey said BPCL divestment is in due diligence stage. 

"Can expect financial bids for NINL, SCI, BEML, Pawan Hans in December-January," said Pandey. He said government is