
He was replying to a query whether the government would be able to meet its target of raising money despite volatile stock market conditions.
The government has embarked on a divestment programme and will off-load stake in thermal power producer NTPC Ltd, mining major NMDC, Rural Electrification Corp (REC) and hydro-power generator Satlaj Jal Vidyut Nigam Ltd (SJVNL), this fiscal itself.
"Next, probably will be the follow-on public offer of Engineers India Ltd (EIL) because the Cabinet approval has come in. We are planning FPOs for SAIL, Power Grid Corp and an IPO for Coal India Ltd," Pradhan said without giving details.
About rail engineering and consultancy firm RITES, he said the government is not planning stake sale in it.
Source- Economic Times