Centre clears strategic divestment in five PSUs

The Centre on Wednesday gave in-principle approval for strategic disinvestment of the government shareholding in five public sector enterprises along with management control.

These five PSUs are Bharat Petroleum Corporation Ltd (BPCL); Shipping Corporation of India; Container Corporation of India; Tehri Hydro Power Development Corporation (THDCIL), and North Eastern Electric Power Corporation Ltd (NEEPCO).

Both THDCIL and NEEPCO will go to NTPC, which will acquire the government’s holding of 74.23 per cent and 100 per cent, respectively.