The Hindu Business Line : 10 PSUs to be divested by March

WITH about half of the annual disinvestment target of Rs 12,000 crore already in its kitty, the Union Government has lined up 18 more public enterprises for privatisation during the coming months.

These include Air India, Indian Airlines, Madras Fertilisers Ltd, National Fertilisers Ltd, Shipping Corporation of India, National Aluminium Company, Hindustan Copper, Hindustan Cables Ltd, Engineering Projects (India) Ltd, Hindustan Organic Chemicals, Hindustan Salts, MMTC, STC, Sponge Iron India Ltd, MECON, Tungabhadra Steel Products Ltd, Burn Standard Company Ltd, Braithwaite & Company Ltd.

The Economic Survey also says that the disinvestment process in 10 PSUs are likely to be completed by March 31. This involves Maruti Udyog, Hindustan Zinc, Indian Petrochemicals Corporation Ltd (IPCL), Jessop & Company, ITDC, HCI, Bharat Heavy Plates and Vessels, NEPA Ltd and Instrumentation Control Valves Ltd (ICVL).

During the year, the Government has privatised seven public sector units netting a total of Rs 5,700 crore. The units privatised include HTL, CMC, ITDC (9 hotels), HCI (3 hotels), IBP Co, VSNL and Paradeep Phosphates.

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10 PSUs to be divested by March