Government approves 10% divestment in SJVN

Government approves 10% divestment in SJVN

New Delhi: The government on Monday approved sale of its 10% stake in Satluj Jal Vidyut Nigam (SJVN), the utility engaged in hydropower generation.

“The Cabinet Committee on Economic Affairs (CCEA) approved 10% disinvestment in SJVN," commerce and industry minister Anand Sharma told reporters after the CCEA meeting.

SJVN is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75% stake in the JV, while the rest is owned by the state government.

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