Finance Minister Pranab Mukherjee said the government raised Rs 12,666 crore from the auction of its 5 percent stake in ONGC.The minister said auction route to sell government stake in a PSU was a “highly experimental option†and added that the auction was a great success.The final demand was for 42.04 crore shares against an offer of 42.77 crore shares.
Tag: PSU
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State oil cos post record losses
Bharat Petroleum and Hindustan Petroleum will lose a whopping Rs 177,562 crore on selling fuel at government-controlled rates this fiscal, 68 per cent more than what they lost in high-cost 2008-09.
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On an infrastructural upswing
The state government states that the growth rate of the state has been growing close to nine per cent, and very soon Kerala will become the fastest growing state in the country.
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Tariff-based competitive bidding on
The mandatory competitive tariff-based bidding for thermal power plants and transmission systems from 5 January, has brought a major change in power sector.