NMDC ltd's upcoming Nagarnar Steel Plant near Jagdalpur in Bastar region of Chhattisgarh remains in the “in-principle strategic disinvestment” approval list of the Central Government among 23 other Public Sector Undertakings while the Government has assured no complete disinvestment of the Nagarnal Steel Plant, officials informed.
Notably, NITI Aayog has given its recommendations only on ‘Strategic Disinvestment’ of CPSEs. Apart from Strategic Disinvestment, the disinvestment in PSUs is undertaken through various modes including OFS, IPO, etc.
As a part of the strategy to keep shares readily available for transaction to take advantage of market conditions without any loss of time, the Central Government has identified some CPSEs for minority stake sale in sectors including mineral and metal, oil & energy, capital goods as well as some mid-size and small stocks.