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NMDC disinvestment likely by mid-Dec

Nov 15 2012, 14:32 IST
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Steel Minister Beni Prasad Verma said the process of NMDC disinvestment has already begun and roadshows were being organised.  Steel Minister Beni Prasad Verma said the process of NMDC disinvestment has already begun and roadshows were being organised.
SummaryGovt said it is planning 10%stake sale in NMDC which could fetch the exchequer about Rs 7,500 crore.

However, it has not been able to come out with any public issue during the first seven months of the fiscal.

Due to uncertain market conditions, the government in the last fiscal could raise only Rs 14,000 crore from disinvestment against the target of Rs 40,000 crore.

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