Govt. to raise Rs. 40,000 cr through disinvestment

The government will soon finalise the roadmap to raise a whopping Rs 40,000 crore through disinvestment during the current fiscal.

It will include sale of equity in blue chip companies like SAIL and ONGC.

“Cabinet has so far given approval for the disinvestment of four state-run firms – PFC, SAIL, ONGC and HCL. We are in talks with various ministries and working on a roadmap that should be finalised by June-end,” Department of Disinvestment additional secretary Siddharth Pradhan told PTI.

Exuding confidence that DoD would be able to achieve the Rs 40,000 crore target for the current fiscal, he said by way of share sales of the identified four PSUs through follow -on offers, a little over Rs 15,000 crore was expected to be garnered.

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