Govt May Step Up Disinvestment Drive With Power PSUs’ Mergers


Govt May Step Up Disinvestment Drive With Power PSUs’ Mergers

The government is looking to execute at least two mergers among central public sector enterprises (CPSEs) in the power sector to step up the disinvestment process and meet its target.

It may kickstart the process with top power generation company NTPC taking over hydropower firm SJVN, a senior government official said.

“Some blue-chip CPSEs have shown interest in acquiring smaller CPSEs where they feel synergies exist,” the official told ET. “Also there are some CPSEs which can achieve efficiencies of scale if they combine their strengths.” Read more

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