Dhindsa Opposes NFL Divestment

New Delhi, Aug 30: | Updated: Aug 31 2002, 05:30am hrs
The opposition to disinvestment in public sector undertakings (PSUs) is intensifying within the government. After defence minister George Fernandes, it is now the Union chemicals and fertiliser minister S S Dhindsa who has put his foot down on disinvestment of fertiliser PSUs.

Ministry sources told FE that Mr Dhindsa has asked disinvestment minister Arun Shourie to defer sale of 51 per cent government stake in National Fertiliser Limited (NFL), as it is a profitable public sector company.

It is learnt that Mr Dhindsa also shot off a letter to Prime Minister Atal Bihari Vajpayee a few days ago requesting him to defer the sell off move in the public sector unit which is the second largest fertiliser producer after Indian Farmers Fertilisers Co-operative (Iffc-o). Mr Dhindsa even aired his point of view in public. Inaugurating the 29th foundation day function of NFL on Thursday asserting, he said: I will make all efforts to prevent its immediate sale as long as I am in the government.

When contacted Mr Dhindsa said, I have spoken to Mr Shourie on the issue and even written a letter to Prime Minister. However, he refused to divulge details.