Ioc Disinvestment Not Yet

Two days ago, the 40 thousand crore disinvestment plan to achieve the goal of raising finance ministry has received a severe jolt . The Ministry of Petroleum oil marketing company Indian Oil [ IOC ] has dismissed the divestment proposal . Petroleum Minister Veerappa Moily on divestment of opposition Empowered Group of Ministers [ EGoM ] now abandoned the idea of ​​selling the company's shares .
Moily said after the meeting of the EGoM just would not currently disinvestment in IOC . It has been deferred . IOC to sell the government stake was then discussed at the international level investors had also opposed it . Investors said that prices of petroleum products at a time when India is unclear situation is not right to do so . After the election, the impact of climate change will have on oil companies . The IOC must be lowered , a company in the stock market .

The EGoM will meet again next week . Ten per cent share in the Ministry of Finance to sell the IOC wants to achieve a revenue of Rs 4,500 crore . The petroleum ministry is of the opinion that the current market value of the potential, the IOC is not correct . The company's market price is Rs 48 thousand crore , while its two new refineries coming up at a cost of Rs 30 thousand . IOC second Kanpnani which has opposed the proposal of Disinvestment Ministry of Finance . This is opposed to disinvestment in Coal India . Coal India's trade union are against it . Because the government is not able to decide bluntly . However , now 40 thousand crore from disinvestment in this fiscal year, revenues have grown skeptical of the plans .