The profit-making state-run companies will be first to undergo privatisation than to previously announced strategy of focusing on loss-making units, sources from Business Standard newspaper reported.
The NITI Aayog, which is identifying public sector units (PSUs) for privatisation, may come out with the first list of companies in April. The list will include companies in non-strategic sectors, those that have already received the cabinet’s approval for stake sale or are in the final stage of due diligence, the report said.
“The shortlisted firms will be put out in three-four tranches, with the first list comprising nonstrategic ones, followed by strategic sectors with a focus on privatisation and not disinvestment,” a government official told the newspaper.
The Centre has set a divestment target for Rs 1.75 lakh crore for the financial year 2021-22.
