Cabinet approves sale of 10 per cent stake in Coal India

By: | Published: November 18, 2015 3:07 PM

The timing of the Coal India stake sale will be decided by the finance ministry, power and coal minister Piyush Goyal said.

coal indiaThe timing of the Coal India stake sale will be decided by the finance ministry, power and coal minister Piyush Goyal said after a meeting chaired by Prime Minister Narendra Modi. (Photo: PTI)

Cabinet on Wednesday cleared the sale of another 10 per cent stake in state-run Coal India that could raise as much as $3 billion.

The timing of the Coal India stake sale will be decided by the finance ministry, power and coal minister Piyush Goyal said after a meeting chaired by Prime Minister Narendra Modi.

Goyal also said India would launch an initial public offering of Cochin Shipyard Ltd, which runs a yard that can build and repair big vessels.

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