Himachal government’s equity stake in SJVNL raised
April 8th, 2010 - 4:50 pm ICT by IANS
New Delhi, April 8 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday approved raising the Himachal Pradesh government’s stake in the Satluj Jal Vidyut Nigam Ltd (SJVNL) to 25.50 percent from 25 percent for Rs.40.94 crore.
It also decided to increase the offer for disinvestment in SJVNL from 41.09 crore shares of Rs.410.88 crore value to 41.50 crore shares worth Rs.415 crore.
“The approval has been taken to ensure successful disinvestment of the government of India’s 10 percent stake in SJVNL,” said Home Minister P. Chidambaram, briefing reporters about the CCEA’s decision.
SJVNL is a joint venture between the centre and the state government. At present, the centre holds 75 percent stake in the company.
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- Satluj Jal Vidyut Nigam's Q1 profit up 20 percent - Jul 15, 2011
- SJVNL aims to generate power worth Rs.1,557 crore - Mar 26, 2012
- Himachal hydropower major upbeat over disinvestment plans (Lead) - Oct 20, 2009
- 'Divestment will help in branding Satluj Jal Vidyut Nigam' - Oct 20, 2009
- SJVNL declares Rs.333.9 crore dividend - Sep 13, 2011
- SJVNL declares Rs.328.20 crore dividend - Sep 17, 2010
- Government approves divestment in power firms - Oct 19, 2009
- SJVNL declares Rs.330.93 crore dividend - Aug 27, 2011
- Rs.40,000 crore disinvestment target will be met: Patel - Mar 01, 2011
- SJVNL net profit in 2009-10 at Rs.972 crore - Jul 06, 2010
- Record power generation by Himachal plant - Apr 01, 2012
- Villagers oppose Himachal hydro project - May 08, 2011
- Nod for 66 MW hydropower project in Himachal - Feb 11, 2011
- Hydropower major forays into wind power - Feb 09, 2012
Tags: cabinet committee, ccea, disinvestment, economic affairs, equity stake, government of india, himachal government, himachal pradesh government, home minister, jal, joint venture, New Delhi, nigam ltd, p chidambaram, percent stake, rs 40, state government, vidyut