Power, Coal, New and Renewable Energy Minister Goyal though supporting government’s disinvestment plan for public sector undertakings (PSUs) has said that his ministry will not reduce the government stake in power sector PSUs below 51 per cent and added that the management and control of the PSUs should remain with the government.
Goyal further said that as far as disinvestment is concerned, Finance Minister can do whatever he want to do and his ministry will support completely. He has announced the same to CoaI India and other PSUs under power sector.
Goyal’s comments has come after the Niti Aayog recently submitted two separate list of state-run companies to Prime minister for dealing with sick units and those PSUs where strategic sale is possible. Under strategic sale of PSUs, government wants to reduce its stake to 49 per or below and wants it to be privatized.
For the current financial year, the government has set a disinvestment target of Rs 56,500 crore for the fiscal. Of this, Rs 36,000 crore is to come from minority stake sale in PSUs and Rs 20,500 crore from strategic sale.
