The government is considering to dump up to seventy four stake in HMT Bearings (HBL) and is additionally longing for joint venture partners in another public sector enterprises (PSEs) in an exceedingly bid to revive sick units. “The government has invited expression of interest for joint venture partner in Tungabhadra Steel product, Triveni Structural, Nepa and Hindustan Cables, which can have a control on government’s equity in these PSEs,” minister of state for significant business and public enterprises Arun Yadav said in reply to a question in Lok Sabha. “Disinvestment up to seventy four equity in HMT (Bearing) is additionally into account of the govt.,” he added. HMT holds ninety seven stake in HBL, that was found out in 1964 and manufactures ball and roller bearings. the govt. has provided a funding of Rs five,521.73 crore for twelve units, together with HMT Bearings, Andrew xmas & Co, Bridge and Roof Co, significant Engineering Corporation and Braithwaite and Co. The department of significant business is additionally examining the chance of revival of Nepa through the disinvestment route, Mr Yadav said. However, the govt. doesn't have any fastened target to revive sick units within the current 5 Year set up amount or within the current monetary year. So far, the department has submitted twenty seven loss-making PSE cases to the Board for Reconstruction of Public Enterprises (BRPSE), that has given its recommendations in all cases. Out of those twenty seven PSEs, the govt. has approved revival or restructuring for fifteen PSEs and joint ventures or closure for four. “The profit creating corporations are being strengthened by providing bigger autonomy and also the loss creating CPSEs are being thought-about for revival/closure,” Mr Yadav said