Govt to sell 5% stake in power generator Neyveli Lignite

Govt to sell 5% stake in power generator Neyveli Lignite

FP Archives December 20, 2014, 19:32:48 IST

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

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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.

“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.

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

Reuters

Written by FP Archives

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