status as the biggest domestic iron ore provider.
Meanwhile, the government’s plan to offload a 9.5% stake in state-run power producer NTPC has also received the Cabinet nod. The sale, which is estimated to raise about Rs 13,000 crore, is expected to take place in January. The NTPC share fell 2.6% or R4.20 to R159.20 on Friday. Even as NTPC enjoys a monopoly in its business segment, experts are not enthused about the offered sale given the limited opportunity it enjoys in the merchant power segment.