Bharat Heavy Electricals Limited (BHEL) and National Aluminium Company Ltd (Nalco) could come up for disinvestment this financial year. Proposals from them for divestment are at various stages. Once the process is gone through, they will be able to seek Government approval, the Finance Minister, Mr Pranab Mukherjee informed the Lok Sabha on Friday.
In the case of BHEL, the divestment proposal could be for 5 per cent stake sale. For Nalco, the Centre may look at 10 percent divestment.
The Centre has already approved divestment in ONGC, SAIL, Hindustan Copper Ltd and National Building and Construction Corporation (NBCC). For 2011-12, the Centre had budgeted divestment receipts of Rs 40,000 crore. In the current financial year, the Government has till date mopped up Rs 1,144.55 crore, being the divestment receipts from 5 percent stake sale in Power Finance Corporation (PFC).
ref:
http://www.thehindubusinessline.com/companies/article2373551.ece?homepage=true
Friday, August 19, 2011
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