Many of the share prices of several state owned companies jumped sharply averaging to 20% in most cases. In the election manifesto Congress party has stated that they would hold disinterment and privatization will not be followed. The Congress rejects with the policy that was followed by the NDA govt of blind privatization but Congress loves the public to have the shares of the public sector companies while the majority is detained with the Govt, that move would bring in more efficiency with the companies. There are Economist that welcomes such a move from the part of the govt. 

Due to the coalition govt it was difficult for the UPA to get with the proper plans of disinvestement over the last five years due to the opposition from the Left parties. Some of the major public offerings which are soon to be made possible are NHPC, Manganese Ore India(MOIL), Cochin Ship yard, Oil India, Rail India Technical and Economic Services (RITES),Rashtriya Ispat Nigam (RINL),Telecommunications Consultants India, Satluj Jal Vidyut Nigam (SJVN). Off these the soon to get listed would be NHPC, RITES and Oil India. The improvement with the markets has now showing positive signals to the strength of the disinvestement plans. Some of them are approved with their listings and they have been noticed to be urgent with the formalities. If the approval lapses then a six months delay will be on the cards. 

Further the list would include Indian Oil Corporation,Power Finance Corporation, Hindustan Copper, NMDC, Neyvelli Lignite etc with other companies which has a govt holding of 85% is looked into. 

Do you agree with the disinvestement of these companies? What is your views and suggestions of this policy is it good or bad for Indian companies comment?

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