Privatisation of PSUs back on track after COVID-induced setback: DIPAM Secy
The mega initial public offering of 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.