Select PSU shares gain ahead of chiefs meet with PM

HMT, ITI, Hindustan Copper, MMTC, STC, Dredging Corporation and Container Corporation are trading higher by up to 5% on the BSE.

Shares of select public sector undertakings (PSU) companies are in focus ahead of their chiefs meeting with Prime Minister Manmohan Singh today to discuss capital expenditure plans, as well as issues hurting growth of their respective industries.

HMT, ITI, Hindustan Copper, MMTC, STC, Dredging Corporation of India and Container Corporation are trading higher by up to 5% on the Bombay Stock Exchange compared to a marginal 0.10% gain in the benchmark Sensex at 0947 hours.

Autonomy of PSUs and disinvestment to be discussed with Prime Minister, the media report suggests.

The government has set a target of raising Rs 30,000 crore through disinvestment this financial year. However, disinvestment in not a single company has been carried out so far