Finance Minister Nirmala Sitharaman said that the government is aiming to complete the sale of state-run companies Air India and Bharat Petroleum Corporation (BPCL) by March 2020.
“We are moving on both with the expectation that we can complete them this year. The ground realities will play out,” said the FM to The Times of India.
Sitharaman added that there was a “lot of interest” among investors for Air India, as seen during international road shows. The privatization of the airline and oil refiner is expected to help the government meet its divestment target of Rs1 lakh cr in FY20.
However, in 2018, the government did not witness much demand when it put up 76% of Air India for sale.
The FM further said, “If consumer confidence is not on way to being restored, why would you think that such an amount would have gone out as loans during the two outreach programmes started by banks? And, it it is all over the country."
Bharat Petroleum Corporation Ltd is currently trading at Rs520.80 up by Rs14.9 or 2.95% from its previous closing of Rs505.90 on the BSE.
For Quick Trial – 8871888787
or mail us here - support@researchicon.com
or visit - http://www.researchicon.com/free-trial
إرسال تعليق