Not looking at further stake dilution in NTPC, NHPC: FinMin

The government today said it is not looking at divesting any further stake in state-owned NTPC and NHPC.

"At present, there is no proposal to disinvest further equity in NHPC and NTPC," Minister of State in the Ministry of Finance S S Palanimanickam said in the Lok Sabha today.

At present, the government shareholding in NHPC and NTPC is 86.36 per cent and 84.50 per cent respectively, he said.

The government disinvested five per cent equity capital in NHPC and NTPC in August, 2009, and February, 2010, respectively.

It realised an amount of Rs 2,012.85 crore from the sale of shares in NHPC and Rs 8,480 crore from the sale of shares in NTPC.

In an effort to raise Rs 40,000 crore through disinvestment during the current financial year, the government will sell a stake in about 10 more PSUs, including IndianOil, Coal India, SAIL, RINL and Shipping Corporation.