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Govt to sell 5% stake in power generator Neyveli Lignite
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Govt to sell 5% stake in power generator Neyveli Lignite

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

[caption id=“attachment_431889” align=“alignleft” width=“380”] ![](https://images.firstpost.com/wp-content/uploads/2012/08/PowerplantAfp1.jpg "PowerplantAfp") The government has already sold a 6.4 percent stake in the company. AFP[/caption]

“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.

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