Divestment in railway public sector undertakings not in near future

Govt's disinvestment target for 2016-17 was Rs 56,500 cr, Rs 36,000 cr through stake sale in PSUs

Divestment in railway public sector undertakings (PSUs) is not likely in the near future.

According to sources, future divestments on railway subsidiaries will depend on a decision by the Union Cabinet on the plan to set up a holding company for all central public sector enterprises under the Suresh Prabhu-led ministry.

The Cabinet is likely to take a call on this decision by the end of this month.

According to sources, the earlier plan for a strategic sale in Container Corporation of India (Concor), which would have led to the privatisation of the railway entity, is temporarily on hold due