Privatisation of PSUs back on track after Covid-induced setback: Dipam secy

NEW DELHI: Disinvestment of public sector companies is back on track after the Covid-induced setbacks, and Dipam is aiming to conclude a host of transactions by March-end, department of investment and public asset management secretary Tuhin Kanta Pandey said on Wednesday.

He also said the mega initial public offering (IPO) of Life Insurance Corporation (LIC) is expected by the end of the current fiscal, and the government is looking to collect Rs 50,000 crore as dividend from state-run companies.

Stressing that privatisation of Air India, BPCL, Shipping Corp of India, Pawan Hans, BEML and Neelachal Ispat Nigam Ltd would be completed this year, Pandey said change of ownership and control would boost the valuations of these companies.