Updated Dec 29, 2020 | 20:00 IST
ET Now learns that Cabinet Secretary led panel has decided that the land parcels of BEML will be sold separately.
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New Delhi: The privatisation process for defence PSU BEML gathers steam as the Cabinet Secretary led core group on disinvestment has given a nod for the expression of interest, ET Now learns.
The panel met on Monday to finalise the strategic stake sale of BEML, four years after the cabinet approved its strategic divestment.
The Cabinet had approved the strategic sale of BEML by divesting 26 per cent of the government stake in 2016. At present, the government holds 54.03 per cent in the defence public sector undertaking.