Click it and Unblock the Notifications
Just In
Don't Miss
-
India's Motorcycle Market 2023-24: Hero Splendor Leads Amidst Diverse Preferences -
New Safety Check System for Cooking Gas Connections Rolled Out Amidst Delivery Boy Grievances; Reports -
Belgian Man Cleared Of Drunk Driving Because His Body Produces Alcohol Due To A Rare Condition -
Kerala SSLC Results 2024: How and Where to Check the Results -
MET Gala 2024: WHO Will Host The Exclusive Fashion Event THIS Year? -
Here’s a List of Smartphones That Are Most Likely to Feature Qualcomm Snapdragon 8 Gen 4 -
IPL 2024: No Place For Sanju Samson in Irfan Pathan's 15-Member Indian T20 World Cup Squad -
Fly in Luxury: 10 Ways to Get Free Flight Upgrades
CIL stake sale likely this year: Coal minister
"It is likely that it (Coal India stake sale) may happen either in November or December," Jaiswal told media persons here.
"You may be aware that the Coal India chairman has gone (overseas) for this purpose only," he added.
The Department of Disinvestment (DoD) launched a roadshow last week covering five countries, including Germany and Britain, in order to attract foreign investors.
It has also selected seven merchant bankers, including Goldman Sachs, Credit Suisse and SBI Caps, to manage the stake sale, which is to be done through the offer for sale (OFS) route.
The coal minister said he is hopeful that despite CIL's production being hit this month due to Cyclone Phailin, CIL would achieve its production target of 482 million tonnes for the current fiscal.
The government currently holds 90 per cent stake in CIL. The DoD had originally planned to offload 10 percent stake in CIL, but faced strong opposition from the employees' union.
CIL workers' union had in September decided to defer its proposed three-day strike protesting the stake sale to Dec 17, from the earlier planned Sep 23.
IANS
