At least two PSU merger and acquisition deals would be concluded by the government in the current fiscal to reach closer to the higher disinvestment target of Rs 1,05,000 crore. Top sources in the government said that the deal where the NTPC will buy the entire government stake in hydro-power generator SJVNL and another involving either the Indian Oil Corporation or the Bharat Petroleum Corporation buying out marketing operations of GAIL may be concluded this year. The merger and acquisition deals as part of PSU consolidation will be big part of government's disinvestment agenda in FY20. This is required for DIPAM to meet the increased disinvestment target of Rs 1.05 lakh crore this year from the earlier Rs 90,000 crore.
