DIPAM, Energy News, ET EnergyWorld
Addressing the annual session of the Confederation of Indian Industry (CII), he said that the Shipping Corporation of India, Pawan Hans and Neelachal Ispat Nigam Ltd also received sufficient interest from bidders.
“We are now at stage two of the due diligence and financial tender, which we will be able to complete this fiscal year,” said Pandey.
He said the strategic divestment of IDBI Bank was also triggered with Cabinet approval. The expression of interest is expected for CONCOR as soon as the land lease policy is finalized.
“The government is working on a Rs 6 lakh crore asset monetization plan which will include Power Grid Corporation of India pipelines and national highways,” Pandey said. “The national monetization plan will include a range of assets from the Power Grid pipeline to national highways.”
Tenders for public-private partnerships at stations have also been announced, and the model has been successful in airport management. “There is a significant asset monetization pipeline where private sector participation is expected,” Pandey said.