Union Disinvestment Secretary Ravi Mathur informed reporters that the government may manage to mop up Rs 27,000 crore by offloading stakes in state-run firms in 2012-13.
It may be recalled that the central government earlier set a target to raise Rs 30,000 crore through disinvestment during 2012-13.
Mathur remarked that the Rs 30,000 crore disinvestment target may be difficult to reach. “My calculation is Rs 25,000 or Rs 26,000 crore. We will try to cover Rs 27,000 crore,” Mathur told reporters.
Government plans to offload 9.5 percent stake in NTPC soon. The DoD plans to divest stake in a host of bluechip PSUs in the current fiscal, including Steel Authority of India Ltd, National Aluminium Co. and MMTC. The government has already identified 10 PSUs for divesting stake.
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