The government planned to sell around 10% stake in Coal India and 5% in ONGC
ONGC needs to shell out USD 56 per barrel (Representational Image)
New Delhi: The Union Cabinet on Wednesday approved share sales in state-run companies ONGC, Coal India and NHPC, a government official.
The official did not give details. The government has previously said it planned to sell a 10 per cent stake in state-run coal miner Coal India, a 5 per cent share of oil and gas explorer ONGC and 11.36 per cent of power producer NHPC in the current fiscal year ending March 2015.
( Source : reuters )
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