Further stake sale in Coal India in due course: Goyal

The government today said it will go for further stake sale in Coal India in due course to meet the Sebi guidelines on public shareholding.
"We have to fulfill Sebi guidelines ... In due course you will hear about it (stake sale in Coal India)," Coal and Power Minister told reporters on the sidelines of a function here.
The government, at present, holds about 80 per cent stake in Coal India.
As per Sebi guidelines, there should be a minimum 25 per cent public shareholding in all listed companies.
In the biggest-ever disinvestment, the 10 per cent-stake sale in Coal India in January 2015 fetched the government Rs 22,557.3 crore in a bumper sale where state-run LIC alone picked up nearly one-third of the public offer.

Coal India employee unions, however, have been protesting against further disinvestment in the coal major.

Goyal was speaking at the launch function of National Transmission Asset Management Centre (NTAMC) of Power Grid Corporation. Haryana Chief Minister Manohar Lal Khattar dedicated the NTAMC to the nation here today.
NTAMC is a modern technology in the field of power transmission located here.
Goyal further said coal production rose by 10.2 per cent year-on-year to 38.551 million tonnes in the current month.
"This growth is not temporary," he added.
He also said that the Smart City project has started in Gurgaon today. "In the next one year we will make Gurgaon a smart city in power distribution," he added.