Government's residual stake sale in HZl-Balco and issues concerning loss-making PSUs figured in the presentation by the Department of Disinvestment to new Finance Minister Arun Jaitley.
"We will go ahead with appointing valuers for HZl-BAlCO stake sale. Cannot give a time-frame for stake sale," Department of Disinvestment (DoD) Secretary Ravi Mathur told reporters.
He further said the DoD is in the process of identifying sick PSUs for a possible disinvestment. The interim Budget had made provisions of Rs 1,500 crore for revival of loss-making PSUs.
Sick PSUs include HMT ltd, HMT Chinar Watches lt, Bihar Drugs & Organic Chemicals ltd, Nagaland Pulp & Paper Co. "We are yet to start the process of identifying the loss making PSUs.