Govt calls off divestments of 13 PSUs

The government today announced that it has formally called-off plans to sell stakes in 13 profit-making central public sector undertakings (PSUs).

"In keeping with the National Common Minimum Programme guidelines, it has been decided to call off the process of disinvestment through strategic sale of 13 profit-making PSUs," S S Palanimanickam, minister of state for finance, said in a written reply to the Rajya Sabha today.

Companies that have been taken-off the disinvestment list includes Nalco, Shipping Corporation, National Fertilisers, HPCL, Engineers India and RCF.