The government is likely to dilute its stake in 7 more companies this fiscal to meet the target of raising 40,000 crore rupees. This includes 10 per cent disinvestment in Indian Oil Corporation in January and SAIL's stake sale in February. The public issue of PowerGrid is expected in the second week of November and of Manganese Ore India Ltd towards the end of November. This will be followed by Shipping Corporation in the first week of December and Hindustan Copper public subscription in the second week of December. The Department of Disinvestment is in talks with concerned ministries for finalising the quantum of divestment in PSUs like MMTC, Rashtriya Ispat Nigam Limited, Power Finance Corporation and others.