In a set back to the strategic disinvestment drive, the Centre has decided not to proceed with privatisation of Pawan Hans and Central Electronics due to questions raised on the integrity of the winning bidders, sources told FE.
Earlier this year, the Centre had called off the sale process of fuel retailer-cum-refiner BPCL as shortlisted bidders did not put financial bids owing to changing dynamics in the petroleum sector and lack of enough pricing freedom for state-run fuel retailers.
