PSU stake sales may be placed for Cabinet nod by Nov-end

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In the first lot of big-ticket disinvetsments, the Government is aiming the stake sales of PSUs, including BPCL, SCI and Concor, among others, which have recently been cleared by the Amit Shah-led panel, at the earliest and they could be placed for Cabinet approval by November-end.

Sources said that out of the three, BPCL holds the key as the government with just `12,357 crore sell-off proceeds so far is far away from the ambitious target of `1.05 lakh crore.

Then there is the strategic sale of Air India which is also on the agenda, but the possibility of it reaching the cabinet is not so early.

Daily Pioneer
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