DISINVESTMENT

Nov. 22, 2019

The Cabinet Committee on Economic Affairs (CCEA) has accorded 'In-principle' approval for strategic disinvestment in five public sector units (PSUs) as per the details below.

About:

Bharat Petroleum Corporation Ltd. (BPCL): Government will sell its entire 53.29% stake in BPCL. However, BPCL’s 61.65% share in Numaligarh Refinery Limited (NRL) will be retained and will be transferred to a public sector company operating in the oil and gas space.
Shipping Corporation of India Ltd. (SCI): The government will sell its entire 63.75% stake in the SCI and will cede management control.
Container Corporation of India Ltd. (CONCOR): Government will sell its 30.8% stake in the CONCOR and hand over management control.
Tehri Hydro Development Corporation India Limited (THDCIL): The government will sell its entire 74.23% stake in THDCIL to NTPC Ltd. and also cede control.
North Eastern Electric Power Corporation Limited (NEEPCO): The government will sell its entire 100% stake in the NEEPCO to NTPC Ltd. and also cede control.