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.

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.

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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.