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CILs divestment

Coal & Mining
November 1, 2013November 1, 2013
CILs divestment
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Coal India (CIL) divestment is likely to be finalised in the next one or two months, says Union Coal Minister Prakash Jaiswal. The minister said the Cabinet will take a final call on divesting 5 per cent stake in the world's largest coal producer. The five per cent dilution will fetch nearly Rs 10,000 crore to government exchequer. The Union government currently holds 90 per cent stake in the world's largest coal producer CIL.

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