Govt to invite financial bids for privatisation of 5-6 PSUs by Dec-Jan

BPCL case is in due diligence stage with three bidders said to be keen in acquiring the OMC; BEML, Shipping Corp and Pawan Hans among others on the block

The government will invite financial bids for privatisation of five to six public sector undertakings (PSUs) in December-January, and close these transactions in the current financial year, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said.

After 19 years, privatisation of five to six PSUs will take place this year itself, Pandey said at the Global Economic Policy Summit.

BEML, Shipping Corporation of India ( SCI), Pawan Hans, Central Electronics, Nilachal Ispat Nigam are the PSUs the government is looking to privatise this year, he said.  

Pandey said privatisation of Bharat Petroleum Corporation Ltd (BPCL) is