Odisha government calls off plan to divest 49 per cent stake in OPGC

The Odisha government has called off its plan to divest a 49 per cent stake in the Odisha Power Generation Corporation, which was anno­un­ced in January 2023. The sale process had generated a poor response since potential applicants were interested in acquiring a majority stake, which is held by the government. The state had decided to sell equity to private investors almost two years after it acquired 49 per cent back from AES Corporation for Rs 10 billion.