Disinvestment of NTPC

Disinvestment of NTPC

The Government has not fixed any targets to raise funds from disinvestment.

The disinvestment in NTPC is in accordance with the disinvestment policy articulated in the President’s Speech to Joint Session of Parliament on 4.6.2009 and Finance Minister’s Budget Speech on 6.7.2009 requiring the development of people-ownership of Central Public Sector Undertakings to share in their wealth and prosperity, with Government retaining majority shareholding and control.

No discontentment among the employees of NTPC on account of disinvestment has been reported.

Disinvestment of Government shareholding in NTPC Limited (5%) and SJVN Limited (10%) and Rural Electrification Corporation Limited (5%) through Public Offering in domestic market, is under implementation. These Public Offerings are likely to be completed by 31st March 2010.

This information was given by Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question raised in Rajya Sabha today.