Under the Ministry of Jal Shakti, WAPCOS provides consultancy, and engineering, procurement and construction services in the field of water, power and infrastructure sectors.
The company also provides its services abroad, including Afghanistan.
“There was some delay in the initial public offering due to the pandemic. The company is in the process of collecting data of its overseas operations, and we expect the valuation to be completed in couple of months,” the official told PTI.
The government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22.
So far, the government has raised over Rs 8,300 crore through stake sale in Axis Bank Ltd, NMDC Ltd and HUDCO.