Authorities receives a number of gives for privatization of Delivery Company of India

The federal government has obtained a number of gives for the privatization of the Delivery Company of India, Secretary of the Ministry of Funding and Public Asset Administration Tuhin Kanta Pandey mentioned on Monday.

In December, DIPAM solicited Expressions of Curiosity (EoI) for the strategic divestment of its complete 63.75% stake in Delivery Corp of India, in addition to the switch of administration. offers was Feb. 13, which was later prolonged. to March 1.

“A number of expressions of curiosity have been obtained for the privatization of Delivery Company of India Restricted. The transaction will now transfer to step two, ”Pandey tweeted.

The Cupboard in November final yr gave approval in precept for the strategic divestment of Delivery Corp and Container Corp of India Ltd. Nonetheless, plans have been delayed as a result of pandemic.

In her speech on the funds for 2021-2022, the Minister of Finance, Nirmala Sitharaman, mentioned: “various transactions, particularly Bharat Petroleum Corp Ltd, Air India, Delivery Corp of India, Container Corp of India, IDBI Financial institution, BEML Ltd, Pawan Hans, Neelachal Ispat Nigam Ltd, amongst others, can be accomplished in 2021-2022. “

The federal government has already obtained a number of expressions of curiosity within the privatization of BPCL, Air India and Pawan Hans.

For 2021-2022, the federal government has set a divestment goal of Rs 1.75 lakh crore, greater than 5 instances what it goals to lift within the present fiscal yr. Within the revised estimates, the goal has been set at Rs 32,000 crore for the present fiscal yr.
Supply: The Hindu Enterprise Line

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