The government has already mopped up more than Rs 17,000 crore through disinvestment in the current financial year and is on course to achieve the Rs 40,000 crore target by fiscal year-end, a key official said today.
"We have already collected about Rs 17,000-odd crore and with Power Grid (follow-on share offer), it will be coming to Rs 21,000 crore," Additional Secretary in the Department of Disinvestment, Sidhartha Pradhan, told PTI here.
Next in the line for disinvestment in the current fiscal is Manganese Ore India, followed by Hindustan Copper, Shipping Corporation of India, Indian Oil Corporation and Steel Authority of India, he said.
Of this, 10 per cent dilution in government stake in IOC and five per cent in SAIL would be the "major contributors" for meeting the target. "We will reach our target (mopping up Rs 40,000 crore in the current fiscal)," Pradhan said.
The government last month raised Rs 15,200 crore by selling 10 per cent stake in Coal India. Earlier in the fiscal, it had raised Rs 1,000 crore each from share sale of SJVN and Engineers India.
