In a bid to shore up its coffers, the government has identified a list of 55 public sector units for divestment, strategic sale and asset monetisation. CNBC-TV8 has learned that Department of Investment and Public Asset Management (DIPAM) along with line ministries is already discussing the route and timing on case to case basis to expedite the process.

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“In some cases, the government could decide on divestment as well as strategic sale or divestment and asset monetisation, which is under discussion,” said a source privy to the details.

As CNBC-TV18 has reported, the government has finalised the cabinet note for strategic sale in BPCL, CONCOR, Shipping Corporation of India and THDC.

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“The purpose of the whole exercise is to meet divestment target and along with it monetise from assets which do not add value for the public sector companies,” said a government official on the condition of anonymity.

The Prime Minister’s Office is also keeping an eye on the discussion around divestment, strategic sale and asset monetisation with DIPAM and the line ministries to ensure the government gets value out of its investments. It’s noteworthy, that the government has a divestment target of Rs 1.05 lakh crore to meet by end of FY20.

The 55 PSUs listed for stake sale and or asset monetisation include:

ONGC

IOC

Coal India

NTPC

Powergrid

BPCL

GAIL

CCI

GIC

New India Assurance

NMDC

PFC

Bharat Electronics

HAL

NHPC

BHEL

OIL

SJVN

NBCC

MOIL

Hindustan Cooper

HMT

National Fertiliser

SAIL

ITI

Balmer Lawerie,

First Published:Sept 27, 2019 4:58 PM IST