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Energy boosts for the FM

NHPC and Oil India are preparing to list their shares on Indian stock exchanges.

Suman Layak        Print Edition: August 9, 2009

Energy sector public sector units - NHPC and Oil India - are preparing to list their shares on Indian stock exchanges. The fresh issue of equity will also be accompanied by offloading of stock by the government of India, netting a neat pile for the finance ministry.

In fact, this process alone can garner Rs 1,854 crore for the government. Though how much of it actually reaches the government coffers will depend on what happens to the National Investment Fund (NIF) where all disinvestment procurements are currently supposed to go.

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