Government to sell stake in ONGC, BHEL to raise Rs 14,500 crore in FY'12

The government is moving ahead with plans of disinvestment in blue-chips ONGC and BHEL through the auction route to raise about Rs 14,500 crore within the current fiscal itself.

The decision on stake sale is likely to be taken at a meeting of the Empowered Group of Ministers (EGoM) on February 15, according to sources.

While the ONGC stake sale through the auction route is expected to yield Rs 12,000 crore, the BHEL might fetch the government about Rs 2,500 crore.


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