Strategic disinvestment policy for non-priority sector
Minister of State for Defence Shripad Naik has updated Rajya Sabha on 8 Feb 2021 on disinvestment of Defence Public Sector Undertakings (DPSUs) – BEML Ltd, Garden Reach Shipbuilders & Engineers Limited (GRSE) and Mishra Dhatu Nigam Limited (MIDHANI).
Policy of disinvestment of minority stake without transfer of management control is being followed for priority sector including defence CPSUs to unlock value, promote public ownership, to meet the minimum public shareholding norms of SEBI and for ensuring higher degree of accountability, he said.
For non-priority sector where competitive markets have come of age, the policy of strategic disinvestment is followed, added Naik.
The companies and activities are:
BEML Ltd: Tatra based high Mobility/trucks, Recovery vehicles, Bridge Systems, Vehicle for Missile projects, Tank Transportation trailers, Military Rail wagons, Mine ploughs, Crash fire tenders, Snow Cutters, Aircraft Towing Tractors, Aircraft weapon Loading Trolley, Bull Dozers, Excavators, Loaders, Pile layers, wheel Dozers, tyre handlers, rope shovels, Dumpers, water sprinklers, motor graders, Under Mining equipment, integral rail coaches, metro cars, AC EMUs, OHE Cars, Steel and aluminium wagons, track laying equipment, utility vehicles, treasury vans, spoil disposal units, broad gauge rail.
Garden Reach Shipbuilders & Engineers Limited (GRSE): Frigates, Anti-Submarine Warfare Corvette, Missile Corvette, Landing Ship Tank, Landing Craft Utility, Survey Vessel, Fleet Replenishment Tanker, Fast Patrol Vessel, Offshore Patrol Vessel, Inshore Patrol Vessel, WJ-FAC, Hover Craft, Fast Interceptor Boat, Portable Bridges, Deck Machinery Items, Pumps, assembly and testing facilities for marine engine.
Mishra Dhatu Nigam Limited (MIDHANI): Super alloys, Titanium and Titanium Alloys, special steel, other metal and alloys, bars, bright bars, wire, fine wire, sheets, Open-die forgings, Investment castings, fastener, armour products. #investment #manufacturing #makeinIndia #banking /fiinews.com
