Odisha CM to take up Nalco disinvestment issue with Centre
Meanwhile, different trade unions and employees’ associations under the banner of the NALCO Coordination Committee have opposed the Centre’s decision.
The Centre has put its stakes on sale for both institutional buyers and retail investors to meet its target of Rs 72,500 crore disinvestment plan for the 2017-18 fiscal.
It expects to raise Rs 1,300 crore out of Nalco stake sale, the agitating employees said.
The members of the Coordination Committee are now protesting against the stake sale move at the Smelter and CPP Plant, Angul arguing that the company will be financially weakened following disinvestment and will open scope for privatisation.