Govt plans to list all profit making CPSEs in 2-3 years

Move aims at higher transparency and public scrutiny

by Natasha Nadkar

The government plans to list all profit making central public sector enterprises (CPSEs) on stock exchanges in a time-bound manner. A strict timeline will be fixed for such large and medium sized state-owned firms to launch their IPOs. The listing process will be completed within two to three years, as per a government official. According to the department of investment and public asset management (DIPAM) secretary Neeraj Gupta, the government aims to open up these firms for public scrutiny and higher transparency. The CPSEs to be listed will be selected based on their turnover, profitability and net worth thresholds. Only six PSUs have been listed since 2009.