PSU Privatization: Government to sell stakes in Hindustan Zinc
The government is likely to sell part of its residual stakes in integrated mining and resources producer of zinc, Hindustan Zinc. As per the information, the stakes would likely be solved next month and would help to achieve the revised sell-off target of Rs 50,000 crore for the current fiscal. As of now government currently holds a 29.54 per cent stake in Hindustan Zinc
For the coming fiscal, the government has lined up strategic stake sales in companies like HLL Lifecare, PDIL, Shipping Corporation, and BEML to meet the similar disinvestment target set in the 2023-24 Budget.
Also Read: Rs 2,500 Crore Investment Planned By Hindustan Zinc Fertiliser