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News Uploaded On : Monday, December 15, 2014 9:43:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
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DoD identifies SJVN, MOIL for disinvestment in 2014-15.
The government has identified Satluj Jal Vidyut Nigam (SJVN) and manganese-ore miner MOIL as possible candidates for 10% disinvestment in the current fiscal which could together fetch over Rs. 1,200 crore to the exchequer.

"The disinvestment department has included 10% stake sale each in SJVNL and MOIL for disinvestment in current fiscal," a government official told PTI.

A sale of 10% stake or 37.22 crore shares of SJVN could fetch over Rs. 890 crore. Besides, 10% stake or 1.34 crore shares of MOIL could garner around Rs. 400 crore at the current market price.

The government currently holds 89.97% in SJVN and 80% stake in MOIL.

SJVN and MOIL are among the 10 companies which have been cleared for disinvestment in the current fiscal.

BS

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