New Delhi: The center has received a financial offer for the privatization of Odisha-based steel companies belonging to Nigam Nigam (NINL) and the process has moved to the stage of sales conclusions.
The government has succeeded in completing the privatization of Indian water carrier and the process of handing it to the procedure group is expected to be completed in January.
There are plans to complete the privatization of BEML, Indian shipping company, BPCL and Pawan Hans as part of the overall target of raising Rs 1.75 lakh Crore through the privatization of current financial companies.
Active efforts to meet the target but several transactions can shed to the following year.
“….
the process is now moving to the closing stage,” Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (Depam), said on Twitter micro-blogging sites.
Previously the government had received several offers for ninl privatization and the process had moved to the next stage.
Dipam has invited offers in January for ninl privatization.
NINL is a company promoted by MMTC Ltd, industrial promotion and investment of Odisha companies and other government institutions.