DoD shortlists JVN, MOIL for disinvestment this fiscal
The government has identified Satluj Jal Vidyut Nigam (SJVN) and manganese-ore miner MOIL as possible candidates for 10 per cent disinvestment in the current fiscal which could together fetch over Rs 1,200 crore to the exchequer.
"The disinvestment department has included 10 per cent stake sale each in SJVNL and MOIL for disinvestment in current fiscal," a government official said. A sale of 10 per cent stake or 37.22 crore shares of SJVN could fetch over Rs 890 crore. Besides, 10 per cent stake or 1.34 crore shares of MOIL
could garner around Rs 400 crore at the current market price.
The government currently holds 89.97 per cent in SJVN and 80 per cent stake in MOIL. SJVN and MOIL are among the 10 companies which have been cleared for disinvestment in the current fiscal. Earlier this month, the government sold 5 per cent stake in steel major SAIL.