Tuhin Kanta Pandey, secretary in the department of investment and public asset management (DIPAM) has said that the government’s plan to privatise Container Corporation of India Limited (CONCOR) and Bharat Petroleum Corporation Limited (BPCL) are no longer on the table for now.
According to a report published, the Centre is also planning to look again at interest from companies wanting to buy some public sector companies that were set to be privatized. This includes companies like Shipping Corporation of India and BEML Limited.
“We will undertake a review of all the transactions, which are pending, whether bidder interest will continue,” the TOI report quoted Pandey as saying. He added that entities such as HLL and NMDC Steel are also in the list.
On the privatisation of IDBI Bank, he said that data room access would be given to the bidders after RBI sent its “fit and proper” assessment. The government is hopeful that IDBI Bank’s privatisation will likely be completed by the year-end.
Notably, transactions, such as Shipping Corporation and BEML, have been in the pipeline for almost four years.
The TOI report said that decision involving Concor and BPCL have been put off due to opposition from the concerned ministries.