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Feb 13, 2013, 12.42 PM IST | Source: CNBC-TV18

Govt eyes Rs 25,000cr from CIL divestment next fiscal year

Divestment of public sector units MMTC, NALCO and Rashtriya Chemicals and Fertilizers (RCF) is likely to begin after Union Budget 2013. NALCO disinvestment will happen in the week starting March 11.

Divestment of public sector units MMTC , NALCO and Rashtriya Chemicals and Fertilizers (RCF) is likely to begin after Union Budget 2013 . The government is expecting to garner Rs 40,000 crore from divestments in FY14, reports CNBC-TV18's Aakansha Sethi.

Out of the total, the government is hoping to mop up Rs 25,000 crore from the Coal India divestment. According to Disinvestment Secretary Ravi Mathur, the government has already started working on the divestment pipeline for the next fiscal year. NALCO disinvestment will happen in the week starting March 11.

Another big issue Indian Oil Corporation (IOC) will hit the market in July and is expected to fetch Rs 6,800 crore to the ex-chequer. Host of other smaller issues like Neyveli Lignite Corporation , Hindustan Aeronautics and balance stake from Hindustan Copper are likely to be divested next year.

READ MORE ON  MMTC, NALCO, Coal India, Budget 2013
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