New Delhi, Dec 11: The Core Group of Secretaries on Disinvestment(CGD) is likely to initiate discussion today on divestment in oil PSUs HPCL and BPCL besides the issue of allowing three state-owned undertakings to bid to acquire Engineers India Ltd. At its meeting today, CGD is likely to consider the quantum of equity to be put on the block in the case of strategic disinvestment in HPCL and public offering in BPCL.
Another item relating to allowing Bhel, Gail and ONGC to bid for EIL may also come up at the CGD.

Such an approval has become necessary in view of the September 7 decision of the Cabinet Committee on Disinvestment to bar PSUs and cooperatives where government had more than 51 per cent equity from bidding for the companies put on the block.
In case of an exception the concerned ministry will have to take cabinet`s clearance to allow a particular PSU to participate in bids. Bureau Report