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Decision on stake sale in Coal India, Hindustan Copper Ltd deferred

Federal cabinet on Thursday deferred a decision to sell stake in state-run Coal India and miner Hindustan Copper Ltd, Mines Minister BK Handique told reporters.

Updated on: Jun 10, 2010, 13:23:59 IST
Reuters | By , New Delhi
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Federal cabinet on Thursday deferred a decision to sell stake in state-run Coal India and miner Hindustan Copper Ltd, Mines Minister BK Handique told reporters.

HT Image
HT Image

India is planning to sell stake in the two firms as part of a plan to offload holdings in 60 state firms in coming years.

The government is targeting to garner 400 billion rupees ($8.5 billion) via stake sales in state firms in the fiscal year that began on April 1.