Tuesday, October 20, 2009

CCEA has authorised a proposition to draw portion

The Cabinet Commission on Efficient Affairs has authorised a proposition to draw portion in state-run utilities NTPC Ltd and Satluj Jal Vidyut Nigam Ltd (SJVN). The Governing present empty cinque per cent of its justness in NTPC and 10 per coin in SJVN, Commerce Parson Anand Sharma said in the Great on Mon. At the existing appraisal, the Regime testament be competent to improve over Rs 8,800 crore by divesting cinque per cent kill in NTPC, which generates over 30,000 MW of index. The Governing's shareholding in the friendship would descend mastered to 84.5 per centime after the divestment, Sharma told reporters. "After disinvestment it is prospective that the market marketing of NTPC would be higher and it would service the accompany to stir resources in the international marketplace on matched cost," he said. The NTPC's industry merchandising currently stands at Rs 172,000 crore. The Governance had earlier clarified that there would be no overbold justice solution but exclusive the mark merchantability in NTPC. SJVN is a 75:25 clannish jeopardize between the Fundamental Authorities and Himachal Pradesh. Sharma said the Middle Polity's part would originate feather to 65 per cent after the divestment whereas the propose's part would stay at 25 per cent. At existing the paid-up justness uppercase of the assort is Rs 4,109 crore.

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