(ET)
Pacing up the disinvestment calendar to meet a daunting target by March 31, DIPAM on Friday issued 15 Request For Proposals, including those for strategic disinvestment of BPCL, and also for partial divestment of government’s equity in railways’ arm Concor. The move also paves the way for bids from oil and gas PSUs for Numaligarh Refinery.
The Department of Investment and Public Asset Management has a target of Rs 1.05 lakh crore of divestment proceeds by March 31. SO far, during the current financial year 2019-20 so far Rs 17,364.26 crore has been obtained through disinvestment transactions. The DIPAM has also alongside invited bids for strategic disinvestment of BPCL’s shareholdings of 61.65 % in NRL along with the transfer of management control to a CPSE operating in oil and gas sector.
