Indian Govt planning disinvestment worth over $10 Billion

Country’s biggest coal miner, Coal India and fourth largest operator BSNL are in the first list of governments listing plans. Other Potential candidates are Railway subsidiary RITES, Cochin Shipyard, TCI & Manganese Ore India.

Govt’s plan for minimum 10% stake to public led to rise in the prices of listed state companies like MMTC, Hind Copper, RCF, Neyveli Lignite, NFL, STC, NMDC & Andrew Yule.

The company should be profit making for the last three consecutive years was the basic criteria.