Dealing with geopolitical threats
Business Standard

Clearing the deck: Govt removing legislative barriers to privatisation

The core group of secretaries on disinvestment has recently approved the disinvestment of five public sector undertakings PSUs

Topics
public sector undertakings | Bharat Petroleum Corporation | Shipping Corporation of India

M R Madhavan & Prachee Mishra 



Illustration by Ajay Mohanty
Illustration by Ajay Mohanty

The core group of secretaries on disinvestment has recently approved the disinvestment of five (PSUs). This includes the entire shareholding of the government in four PSUs: (BPCL), (SCI), North Eastern Electric Power Corporation (NEEPCO) and THDC (operates and maintains the Tehri Hydro Power Complex), and 30 per cent of the shareholding in Container Corporation of India Limited (Concor). The government currently holds 54.8 per cent of Concor, so the sale will reduce its stake below 25 per cent.

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First Published: Sun, October 20 2019. 20:38 IST

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