CIL workers to oppose disinvestment

Trade union CITU on Thursday claimed that workers of Coal India Ltd (CIL) would oppose disinvestment in the company which, it feared, would lead to gradual privatisation of the public sector giant.

Govt to dilute stake in Cochin Shipyard, SCI, DCI next fiscal

The Shipping Ministry is planning to dilute the government`s stake in three companies under it -- Cochin Shipyard, Shipping Corp of India (SCI) and Dredging Corp of India (DCI) in the next fiscal (FY11).

Govt expecting Rs 24k cr from disinvestment

The government on Monay said 60 state-owned companies are likely to hit the capital market in the next couple of years, with steel giant SAIL and coal major CIL coming out with IPOs in the next fiscal itself.

Government to sell stakes in 60 PSUs

Finance Ministry is in talks with other ministries for selling stakes in around 60 PSUs in coming years, including miner Hindustan
Copper Ltd, a senior official told a news agency on Thursday.

Govt to sell state firm shares every 2-3 weeks: Paper

The government is expected to sell shares in 17 to 18 state firms in each of the next two fiscal years, with an issue happening every two to three weeks, an Indian daily reported, citing an unnamed government official.

Documents on Rs 550 Cr BALCO disinvestment missing

Government tender documents and minutes pertaining to the Rs 551.5 crore disinvestment of the Bharat Aluminium Company (BALCO) in Chhattisgarh`s Korba district eight years ago cannot be traced by the ministries concerned.

Centre`s disinvestment roadmap to be ready by March 2010

Encouraged by the outcome of earlier initiatives, the Centre is preparing a roadmap to take the disinvestment process forward over the next two years.

Coal India pitches for 15% disinvestment

The Country`s largest coal producer, Coal India Limited, has proposed to the government that 15 per cent of the company can be divested.

Disinvestment of REC, NTPC, SJVN to be completed by March: FM

Disinvestment in NTPC, REC and SJVN would be completed during current financial yr while process of selling stake in other profit-making PSUs is already underway.

No headway in BHEL disinvestment: Deshmukh

The government today said no
headway has been made regarding the disinvestment of state-run
power equipment maker Bharat Heavy Electricals Ltd (BHEL).

CIL to move SEBI for selloff guidelines

Coal India will soon approach the
market regulator SEBI seeking clarity on whether the PSU can
issue shares to the employees of its subsidiaries at the time
of disinvestment and the Initial Public Offer.

All profitable PSUs to be listed, offload 10% equity: Govt

Clearing the suspension over the disinvestment process, the Centre on Thursday said that all profitable central public sector enterprises (CPSEs) will be listed and those already listed will have to give minimum 10% holding to public.

Sensex rallies on disinvestment proposal

After a sharp spike of 300 points and a breach into the positive zone, a key index of the Indian equities markets slipped back into the red Thursday afternoon.

Planning Commission pitches for aggressive disinvestment

The Planning Commission on Wednesday pitched for "aggressive" disinvestment, and said the proceeds from sale of government shares in public sector undertakings should be utilised for new investment projects.

Govt mulls PSU disinvestment piggyriding on follow-on offers

The government will consider disinvesting its stakes in profitable listed public sector units when these come out with follow-on offers.

Finmin seeks steel min`s view on 15% NMDC stake-sale by Nov 5

The Finance Ministry has asked the Steel Ministry to give by November 5 its views on the proposed 15 percent disinvestment in mining PSU NMDC, that could fetch the government over Rs 18,000 crore.

Govt to sell stake in NTPC, more PSUs on the block

Continuing with the its agenda of PSU divestment, CCEA on Monday, gave a green signal to divest a further 5 percent stake in NTPC.

NTPC stake sale to boost market sentiment: Analysts

The government`s nod for stake sale in state-run power utilities - NTPC and Satluj Jal Vidyut Nigam (SJVNL) - is expected to bolster investor sentiment and propel the stock markets in days to come, analysts said.

MMTC sell-off possible only in next fiscal

The Disinvestment Department is working on a proposal to seek Cabinet approval for sale of government equity in MMTC Ltd, but disinvestment in the trading giant would be possible only in the next fiscal.

Centre`s policy is to strengthen PSUs: Pranab

Describing reports that government was trying to privatise the public sector as a "malicious propaganda", Union Finance Minister Pranab Mukherjee on Saturday said the Centre`s policy was to strengthen PSUs and not weaken them.