After the deferment of the RINL IPO, the government now hopes to begin its divestment drive in the second half of November with the Nalco and Oil India issues. Sail, Hind Copper, NMDC issues are likely in December while Power Grid, MMTC and NTPC have been planned for Q4.
The department of heavy industries is still not on board for the BHEL OFS and this may be deferred. The finance ministry is also likely to bring the National Fertiliser, RCF, EIL issues for cabinet approval in a bid to meet the Rs 30,000 crore divestment target.
Mohammad Haleem Khan, divestment secretary, says that the government is doing everything possible to push Hindustan Copper, Nalco and Oil India for disinvestment latest by November. We expect at least one disinvestment to happen by the end of October. In this fiscal, NTPC will be the biggest issue which is expected to be around Rs 10,000-12,000 crore.