SAIL, BHEL, HMT identified to takeover three sick PSUs

Government has identified three sick PSUs which will be either merged or taken over by SAIL, BHEL and HMT.

Confident of meeting FY'13 disinvestment target: DEA Secy

Although it has not been able to sell stake in any PSU so far this fiscal, the government will be able to meet the Rs 30,000 crore disinvestment target set for 2012-13, an official said on Thursday.

Govt pushing for disinvestment through cross-holdings

Finding it hard to raise money in adverse market conditions, the government today said it may divest stake in state-owned firms through cross-holdings, wherein government stake in one PSU is bought by the other.