The Government is striving to complete privatisation of CPSEs listed out in the Budget, including Air India, BPCL, and BEML, in the current fiscal ending March 2022, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.
The Department of Investment and Public Asset Management (DIPAM), which manages sale of government equity in public sector enterprises, has already received multiple expressions of interest (EoIs) for strategic sale of these companies. “I would certainly say Air India we are very keen...Despite the problems, we may have some delay because of Covid but broadly disinvestment is on track. Some of the key transactions which we ought to complete in this financial year, for the first time the finance minister has mentioned in the Budget speech naming the enterprises...We are striving to conclude the transactions,” Pandey said.
Speaking at a Ficci event, the secretary said BEML, Shipping Corp of India, Neelachal Ispat Nigam, BPCL and Air India are the companies where the disinvestment process is underway. “We are striving to complete it this fiscal,” he said.
g to set up a Special Purpose Vehicle (SPV) for monetising land and other surplus assets of CPSEs.
“On asset monetisation of non-core assets...Finance minister had announced Special Purpose Vehicle to be formed for doing this. “We are working on it and trying to convert that announcement into action, which is actually to form a SPV to enable faster monetisation of the land and other surplus asset of the companies,” he said.