Govt to dilute 10 pc stake in four power sector cos
The Government today said four state-owned power sector companies, including NHPC and Power Grid Corporation, are expected to go public in the next six months or so.
The other two companies are Power Finance Corporation and Rural Electrification Corporation.
"The four companies have initiated activities to get Cabinet approval for going public. The Government plans to dilute 10 per cent of its stake in each company to garner funds to develop higher generation capacity and improve other related areas of the power sector," Union Power Secretary R V Shahi told journalists on the sidelines of a conference here today. PTI
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