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.
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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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