With an aim to achieve its Rs 30,000 crore disinvestment target, the government is likely to divest stake in Oil India next month, followed by NTPC stake sale in February. The Government plans to offload 10% stake in Oil India and a 9.50% stake sale in NTPC, which could fetch it over Rs 2,700 crore and 12,000 crore respectively at the prevailing market price.
So far this fiscal, the centre has managed to raise over Rs 6,900 crore through minority stake sale in PSUs. While, NMDC issue has fetched Rs 6,000 crore, stake sale in Hindustan Copper brought Rs 808 crore to the government. Earlier, the centre realized Rs 154 crore from NBCC initial public offer (IPO).
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
Company Name | CMP |
---|---|
ONGC | 276.55 |
Oil India | 677.40 |
Jindal Drilling&Inds | 657.70 |
Hind Oil Exploration | 187.95 |
Deep Industries | 300.90 |
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