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 Post subject: Cowboys' focus: Finish strong despite postseason being out of reach
PostPosted: Sat Jan 06, 2018 4:41 pm 

Joined: Sat Jan 06, 2018 4:41 pm
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New Delhi: The government has shortlisted about a dozen public sector undertakings or PSUs including Indian Oil Corporation (IOC), National Fertilizers Ltd Cheap Wholesale Jerseys China | NFL Super Bowl Jerseys Online (NFL), cheap ncaa jerseys MMTC, Hindustan Copper Ltd and India Tourism and Development Corp (ITDC) for sale of stakes to achieve the current fiscal year's disinvestment target of Rs 41,000 crore.

The Department of Disinvestment plans to divest 5 Peyton Manning Jersey,Denver Broncos #18 Manning NFL Jerseys 15 per cent nfl shop government stakes in these state owned companies, and has already floated a draft Cabinet note to seek nod for stake sales in certain PSUs, sources said.

Besides, the government plans to dilute 5 per cent stakes each in BHEL, NTPC, Rashtriya Chemicals and Fertilizers (RCF) and Dredging Corporation (DCIL), the sources said.

They added that the stake sales are scheduled for current fiscal year and the disinvestment department has already secured Cabinet approvals for stake sale BHEL, NMDC and NALCO.

Although a 5 per cent stake sale in ONGC has also been approved by the Cabinet Committee on Economic Affairs (CCEA), but a delay in fuel subsidy sharing roadmap could delay the Rs 14,000 crore stake sale in Oil and Natural Gas Corp (ONGC), sources said.

A stake sale in IOC would garner about Rs 9,000 crore, while that of EIL Rs 700 crore, NALCO Rs 1,200 crore and NMDC Rs 5,300 crore at current market prices.

Besides, BHEL could garner around Rs 2,900 crore, NTPC Rs 6,000 crore, RCF (Rs 190 crore) and DCIL (Rs 60 crore).

Besides, stake sales in HCL could fetch about Rs 1,000 crore, while that in tourism company ITDC could garner about Rs 169 crore.

Further, the MMTC stake sale could garner about Rs 800 crore, NFL Rs 240 crore and STC Rs 140 crore.

The government has already sold a 5 per cent stake in Rural Electrification Corporation (REC) last week to raise about Rs 1,550 crore the first disinvestment in the current fiscal year.

The stake sale received robust interest from retail investors.

Although it is not clear which PSU would hit the markets next as per the disinvestment roadmap, sources said that the Finance Ministry is watching the markets closely and as and when it feels proper the share sales.

The government has budgeted to raise Rs 41,000 crore through PSU stake sale in the current fiscal year and another Rs 28,500 crore through strategic stake sales.


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