Govt may raise Rs 700 cr from stake sale in two fertiliser PSUs

摘要

New Delhi: This could be the first major disinvestment the government may undertake after winning the trust vote. According to government sources, it plans to dilute its stake in the two public sector fertiliser companies: Hindustan Fertiliser Corp (HFC) and Fertiliser Corporation of India (FCIL). The companies have been sick for a decade and the government has decided to invite private players to pick up a stake in the company.