to put a planned 5% stake sale on hold. Heavy industries minister Praful Patel said on Thursday that no decision had been taken so far regarding BHEL, which is considering a special dividend to the government in place of a stake sale.
The biggest disappointment has been Coal India, from which the Centre was planning to raise about Rs 20,000 crore through a 10% stake sale. Its unions have vehemently opposed any sort of a stake sale even after the government cut down its stake sale plan to 5% from 10% planned in the Budget. The likelihood of any disinvestment this year in CIL in highly unlikely and government is looking for a special dividend of at least Rs 9,000 crore from the company if the disinvestment does not happen. According to sources board will meet on January 14 to decide on the special dividend.
BSNL had paid Rs 6,724.51 crore as 4G spectrum fee while the amount for MTNL was about Rs 5,700 crore.