In a bid to push more stocks of public sector companies in the bourses, the disinvesment ministry has written to several ministries to provide a status report on the progress made in divesting their public sector undertakings (psus) through the stock markets.
Official sources in the ministry of heavy industries, which has the largest number of psus at 49, said they have been asked to present the status report and also specify the problems hindering disinvestment by the end of this month.
They also said that the two ministries have already held a series of secretary and joint secretary level meetings. The letter specifically addresses the need to to tap the sick and loss making companies.
The Centre has decided to explore the stock market route for disinvestment of some of the psus again, after the successful initial public offer for Maruti.
