NEW DELHI (Commodity Online) : Indian government has decided to disinvest 5 percent in National thermal Power Corporation and 10 percent in Satluj Vidyut Nigam Limited.

The decision was taken at the Cabinet Committee on Economic Affairs which met here ion Monday.

Start trading in commodities from as low as $50. Join now

Speaking to reporters after the meeting, Commerce minister Anand Sharma said government's share in NTPC will be 84.5 per cent after the disinvestment. The government, at present, holds 89.5 per cent stake in NTPC.

At the present valuation, the government may be able to raise over Rs 8,000 crore by divesting five per cent stake in the company, which generates over 30,000 MW of power annually.

Its market capitalisation currently stands at Rs 1,72,000 crore.

Anand Sharma also informed that disinvestment of 10 percent will be made in another public sector company-- Satluj Vidyut Nigam Limited, the utility engaged in hydropower generation.

Satluj Jal Vidyut Nigam is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75 per cent stake in the JV, while the rest is owned by the state government.

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook