New Delhi:After the successful privatization of Air India, the Government aims to privatise 5-6 more central PSUs, including the state-owned oil marketing company BPCL, by March next year, said a top government official.
Addressing a programme organized by the industry body Confederation of Indian Industries (CII) in New Delhi today, Tuhin Kanta Pandey, secretary in the department of investment and public asset management (DIPAM), under the ministry of finance, said the government would invite the financial bids in the next two-three months and complete the sale process by the end of the current financial year.
Pandey said these companies include BPCL, BEML, Shipping Corporation of India Limited, state-owned helicopter operators Pawan Hans Limited, Central Electronics Limited (CEL) and Neelachal Ispat Nigam Limited (NINL).
The top disinvestment officer said the process for privatization of Bharat Petroleum Corporation Limited (BPCL) was in the due diligence stage. In this year’s budget, the finance minister Nirmala Sitharaman has set a target of collecting Rs 1.75 lakh crore from disinvestment proceeds.