As per sources there will be as high as eight number of PSU issues are expected to hit the market in this fiscal year. The Union Cabinet is likely to consider the Initial Public Offering of Coal India tomorrow. The Government has every reason to be delighted as it has proposed a 10% disinvestment in the Coal India.

The Government is expecting to raise approximately Rs 12,000 crore from the stake sale. This is going to be the first disinvestment issue of this current fiscal year. Last year was quite disappointing for the Centre as the market response of NTPC; REC and NMDC issues was very poor due to lackluster market activity.

But this year seems to have better prospective. The initial public offer of Satluj Jal Vidyut Nigam has seen a subscription of 6.64 times. And it has received a very impressive response. It has got three times as many applications as compared to NTPC.

Joint Secretary in the Department of Divestment, Mr. Siddharth Pradhan has informed that the major PSU to issue this year are SCI, MMTC and PowerGrid. Decision on Indian Oil FPO is likely to be taken this year as well.