Govt approves 5 pc disinvestment in NTPC

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NTPC
New Delhi, Oct 19: Indian government on Monday, Oct 19 approved sale of its 5 per cent stake in state-run power producer NTPC.

Commerce and Industry Minister Anand Sharma said, "The Cabinet Committee on Economic Affairs approved five per cent disinvestment in NTPC."

The government is likely 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.

The government, at present, holds 89.5 per cent stake in NTPC.

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