Coal India wants all FSAs to be in place by March-end

New Delhi, Dec 28 | Updated: Dec 29 2007, 05:19am hrs
In a significant decision, the Central Information Commission (CIC) has held that the Union government has to reveal information about companies even if it does not hold a controlling stake in them.

A three-member bench of the Commission held this while hearing an RTI plea that challenged the governments refusal to disclose details on fixed assets of BALCO saying it had no managerial control on the company after its disinvestment of 51% stake to Sterlite Industries.

Being a shareholder of the company, with representation on its board of management, the information must be available with the ministry of mines, and what is available with it can not be denied under Right to Information Act, the bench headed by chief information commissioner Wajahat Habibullah said said in an order passed on Thursday.

The commission also directed the government to reveal details of its investment, if any, in the companys 540mw captive power project set up at Korba in Chattisgarh.