The Government today said it can't give a timeframe for the completion of disinvestment process in public sector firms ONGC, BHEL and NBCC, because of various factors including market conditions.
"Disinvestment proposals of Oil and Natural Gas Corp, Bharat Heavy Electricals Ltd and National Building Construction Corp are at various stages of implementation.
"It is difficult to give any timeframe for completion of the transactions as the same would depend on a number of factors like appointment of independent director, preparedness of the company as well as the market conditions," Minister of State for Finance S S Palanimanickam said in a written reply in Lok Sabha
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http://economictimes.indiatimes.com/news/economy/finance/difficult-to-give-timeframe-for-ongc-bhel-disinvestment-govt/articleshow/11131691.cms
Friday, December 16, 2011
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