PSU disinvestment: Govt likely to sell stake in THDC, NEEPCO to NTPC; to fetch this much amount

The government is keen to sell its stake in THDC India and North Eastern Electric Power Corporation (NEEPCO) to state-owned NTPC in the current fiscal, according to a source. The acquisition is expected to fetch around Rs 10,000 crore to the exchequer. “The government is keen to complete the transaction whereby the NTPC would acquire government’s stake in THDCIL (THDC India Ltd) and NEEPCO this fiscal only for meeting its revised disinvestment target of Rs 65,000 crore for the 2019-20,” the source said. The government had earlier proposed to raise Rs 1.05 lakh crore from disinvestment during 2019-20. However, in the budget presented earlier this month, it reduced the divestment target to Rs 65,000 crore.

The government has garnered Rs 18,345.06 crore from divestments in public sector undertaking so far, as per DIPAM portal. “The government would leave no stone unturned for concluding the deal this fiscal itself. Now it is necessary to meet the disinvestment target. “This will not happen first time.