Government approves 10% divestment in SJVN1 min read . Updated: 19 Oct 2009, 01:42 PM IST
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.