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Government misses disinvestment target for FY20 by Rs14,701 crore

India city Chennai covid-19 outbreak Government
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With NTPC Ltd buying government’s stakes in THDC India Ltd and North Eastern Electric Power Corp. Ltd (NEEPCO) for Rs11,500 crore, government has garnered 50,299 crore in 2019-20 fiscal year, falling short of the Rs65,000 crore full year target. “DIPAM completed two more strategic disinvestment transactions.

GOI’s 74.49% stake in THDC at a consideration of Rs7,500 cr and 100% stake in NEEPCO at Rs4,000 cr has been disinvested in favour of NTPC," social media handle of DIPAM secretary tweeted on Friday.

It also completed strategic disinvestment of government’s stake of 66.67% in Kamrajar Port Ltd in favour of Chennai Port Trust at a consideration of ₹2383 cr and buyback of about 2.24 crore shares by Mazagon Dock Shipbuilders Ltd (MDL) for

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