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Action Plan of 2014-15 on Disinvestment; Coal India, ONGC and NHPC Approved for Disinvestment

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..... Action Plan of 2014-15 on Disinvestment; Coal India, ONGC and NHPC Approved for Disinvestment
News and Press Release
Dated:- 9-12-2014

Government has finalized plans to sell a part of it .....

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..... s stake in Coal India, ONGC and NHPC under its disinvestment programme for 2014-15 targeted to mop up around ₹ 58,425 crores. As per the Action Plan of 2014-15 on Disinvestment, Coal India, ONGC .....

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..... and NHPC have been approved for disinvestment. The disinvestment target and the actual receipts during the last four years is shown in the table below. Table 1: Disinvestment Target and Actual Re .....

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..... ceipts in last four years (in Rs. crore) S. No. Year Target Actual Receipts 1. 2010-11 40,000 22,144.21 2. 2011-12 40,000 13,894.05 3. 2012-13 30,000 23,956.81 4. 2013-14 40,000 .....

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..... 15,819.46 As a general phenomenon, other things remaining the same, when the supply of any stock in the market increases, there is a run-down on the stock price. Disinvestment increases the quantity .....

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..... of CPSE stocks in the market. Therefore, the recent fall in share prices of Coal India, ONGC and NHPC is nothing unusual and does not show any diminished appetite for these stocks. This information .....

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..... was given by the Union Minister of Finance, Shri Arun Jaitley in written reply to a question in Rajya Sabha today.
News - Press release - PIB .....

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