Disinvestment of NTPC, Shipping Corporation on first 100-day agenda of govt: Sources

The government, confident of a third term, may push to sell its stake in NTPC, which is looking to bring its green energy IPO first 

In her interim Budget speech on February 1, Finance Minister Nirmala Sitharaman had announced that the government aims to raise Rs 50,000 crore

Disinvestment of state-owned companies such as NTPC and Shipping Corporation of India (SCI) will figure high on the first 100-day agenda of the government after the votes are counted on June 4, a report said

Prime Minister Narendra Modi, who is confident of a rare third term in a row, has on more than one occasion said the government was working on the plan not just for 100 days after the Lok Sabha elections but also towards making India a developed nation by 2047.

The government’s focus would be to push for disinvestment, which fell short of its target in FY24, sources told CNBC Awaaz.

The government may push to sell its stake in NTPC, which aims to bring its green energy IPO first, sources said.

Moneycontrol reported earlier that at least a dozen investment banks have shown interest in managing the proposed Rs 10,000-crore initial public offering (IPO) of NTPC Green Energy Ltd, the renewables subsidiary of NTPC Ltd.