Govt to sell 5% stake in power generator Neyveli Lignite

India is considering selling another five percent stake in lignite miner and power generator Neyveli Lignite, Coal Minister Sriprakash Jaiswal told reporters on Monday.

hidden December 20, 2014 19:32:48 IST
Govt to sell 5% stake in power generator Neyveli Lignite

India is considering selling another five percent stake in lignite miner and power generator Neyveli Lignite, Coal Minister Sriprakash Jaiswal told reporters on Monday.

Govt to sell 5 stake in power generator Neyveli Lignite

The government has already sold a 6.4 percent stake in the company. AFP

"The finance ministry has recently communicated to us we may sell a 5 percent stake," Jaiswal said.

The government has already sold a 6.4 percent stake in the company.

Shares in the company were up 3.42 percent to Rs 83.20.

Reuters

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