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Govt may look at strategic sale of Hind Copper to meet disinvestment target

Govt also asks 8 PSUs to go for share buyback

Disinvestment
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NITI Aayog Vice-Chairman Rajiv Kumar is set to chair a meeting on October 27 to discuss the possibility of strategic disinvestment of Hindustan Copper

Somesh Jha New Delhi
The Union government may look at the strategic sale of Hindustan Copper Limited, even as it has asked about eight public sector firms to go for share buybacks, in a bid to meet the ambitious disinvestment target of Rs 2.1 trillion for 2020-21.

NITI Aayog Vice-Chairman Rajiv Kumar is set to chair a meeting on October 27 to discuss the possibility of strategic disinvestment of Hindustan Copper, according to a document reviewed by Business Standard

The NITI Aayog makes recommendations on strategic sales of state-owned units to the government.

Besides, the government will revive old strategic sale plans to mop up revenues. It