(PTI)
The government may not be able to close the BPCL and Air India disinvestment transactions by March 31, although it is pushing the sale of five large public sector companies, including BEML, for which it sought interest from potential buyers.
With BEML and Shipping Corporation last week, four large state-run entities have been put on the block, and Concor is to be offered for sale as soon as the Railways can decide on the policy. A proposal for the land use policy, a key to Concor disinvestment, is pending for Cabinet approval, sources said.
Although this will mean that the Narendra Modi government will close another year without a significant strategic sale, official sources told that the process has now been set in motion. And, a robust pipeline is being readied to keep the process moving in the next financial year.
