The companies the government is considering closing include Scooters India, Hindustan Fluorocarbon Limited, Bharat Pumps and Compressors Limited, Hindustan Prefab, Hindustan Newsprint and Karnataka Antibiotic and Pharmaceutical Limited.
Thakur said in a written reply to a question in the Lok Sabha that the government has approved strategic disinvestment in 34 companies since 2016, based on NITI Aayog's criteria for disinvestment. Disinvestment process has been completed in eight of these. The closure of six more is under consideration, while the process of disinvestment in 20 is in various stages.
Disinvestment process continues in these companies
Project and Development India Limited, Engineering Project (India) Limited, Bridge & Roof Co India Limited, Units of Cement Corporation of India Limited, Central Electronics Limited, Bharat Earth Movers Limited, Ferro Scrap Corporation Limited, Nagarnar Steel Plant of NDMC The process is in progress.
Apart from this, the process of strategic disinvestment in Alloy Steel Plant Durgapur, Salem Steel Plant, SAIL's Bhadravati Unit, Pawan Hans, Air India and its five subsidiaries and a joint venture is also underway.
At the same time, HLL Life Care Limited, Indian Medicine and Pharmaceutical Corporation Limited, various units of Indian Tourism Development Corporation, Hindustan Antibiotics, Bengal Chemical and Pharmaceuticals, Bharat Petroleum Corporation Limited (excluding Numaligarh Refinery), Shipping Corporation of India, Container Corporation of India , There will also be strategic disinvestment in Neelachal Ispat Nigam Limited.
Sales of these companies were completed
According to Thakur, strategic sales of HPCL, REC, Hospital Services Consultancy, National Project Construction Corporation, Dredging Corporation, THDS India Limited, North Eastern Electric Power Corporation Limited and Kamarajar Port have been completed.