Secy: Strategic sale will not be confined to loss making PSUs

New Delhi:  The government will soon come out with a policy on strategic sale of state-owned companies and the disinvestment will not be confined to loss making enterprises.  “May be later in the year, the government will come out with a policy prescription for strategic sale. We will be doing strategic sale,” Disinvestment Secretary Neeraj Kumar Gupta said. The previous NDA government led by Atal Bihari Vajpayee had from 1999 to 2004 privatised about a dozen state-owned firms and hotels including Videsh Sanchar Nigam Ltd (VSNL), Bharat Aluminium Company Ltd (BALCO), CMC Ltd and Hindustan Zinc (HZL).