Cabinet approves sale of shares in ONGC, Coal India, NHPC

The Cabinet, on Wednesday, approved share sales in state-run companies ONGC, Coal India and NHPC, a government official told reporters.

The official did not give details.

The government has previously said that it planned to sell a 10 per cent stake in state-run coal miner Coal India, a 5 per cent share of oil and gas explorer ONGC and 11.36 per cent of power producer NHPC in the current fiscal year ending March 2015.

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