Bharat 22 Will Give a Fillip to Energy Infra Plans

In the wake of its asset sale programme, the Minister of State (Independent Charge) for Coal, Power, Renewable Energy and Mines, Piyush Goyal, welcomed the new exchange traded fund, Bharat 22 providing a boost to power and energy sector infrastructure. "It is a wonderful move and will help the govt garner resources, while keeping the character of the PSUs intact. The companies will remain PSUs with continued 51-53% govt shareholding before the transfer", said the minister. "Our disinvestment requirement will also be met with which we can carry out further infrastructure development", added Goyal, speaking on the sideline of session on the GST organised by the FICCI Ladies Organisation (FLO) in New Delhi.