Nalco divestment: BJD MPs demand relook

Bhubaneswar/New Delhi: Despite being a profit-making Public Sector Undertaking, Nalco’s disinvestment has drawn a lot of opposition from the ruling BJD which continues to urge the Central government to reconsider the decision.

Yesterday, all the BJD’s 23-member Parliamentary party met Union Steel and Mines minister Narendra Singh Tomar demanding withdrawal of disinvestment. The party MPs also submitted a charter of demand in this matter to the Mines minister.

Earlier during the NDA and the UPA governments, decision to disinvest the Central government’s stake in the Navratna PSU was also taken. However, amidst strong opposition, the decision was withdrawn.

The current Narendra Modi-led government has decided to divest 10% of Central government stake in the PSU. The decision was taken last month by the Cabinet Committee on Economic Affairs.

However, after a meeting with the BJD MPs and receiving a demand memorandum, Tomar has assured that he will hold discussions on the matter.

“I believe our efforts will yield some result,” said Bhartruhari Mahtab, the party’s MP.