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The Union government has informed that six public sector undertakings (PSU), including THDCIL, TCIL and RailTel, will come out with Initial Public Offerings, meanwhile, KIOCIL will issue follow-on public offer (FPO).
Law Minister Ravi Shankar Prasad, while talking to media, said that the Cabinet Committee on Economic Affairs has given the approval to list seven CPSE on the stock exchange through initial public offer/FPO.
The CCEA in its meeting decided the six PSUs to come out with IPO are Telecommunication Consultants (India) (TCIL), RailTel Corporation India, National Seed Corporation India (NSC), Tehri Hydro Development Corporation (THDCIL), Water & Power Consultancy Services (India) (WAPCOS) and FCI Aravali Gypsum and Minerals (India) (FAGMIL).
The CCEA also determined that Kudremukh Iron Ore Company (KIOCL) will come up with FPO. Ravi Prasad also stated, “Listing will help PSUs to unlock potential and value.”
