Govt likely to miss divestment target as Hindustan Zinc sale delayed

The sale of the remaining 29.54 per cent government stake in Hindustan Zinc is likely only after a finality is reached on Vedanta's planned sale of global zinc assets to the erstwhile PSU, according to an official.

With the government's offer for sale plans in HZL in limbo, it is unlikely that the disinvestment would happen by March, and hence it could miss its revised asset sale target of Rs 50,000 crore for the current fiscal. So far in the current fiscal, the government has mopped up Rs 31,107 crore from stake sales in CPSEs. It was planning to sell its