Business EIL, SAIL, NMDC, BHEL, NHPC likely to be in govt's stake sale kitty Updated : November 25, 2019 06:38 AM IST The names are being considered on the basis of the current government stake in them and also the nature of their operation where the private sector is already present and is largely non-strategic. Defence and financial sector are excluded and the selection will be not en mass but on a case-to-case basis. The Cabinet recently approved reducing the government's stake in select PSUs to below 51 percent while continuing to retain management control. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.