Coal India union suggests NLC model for divestment

Jul 23, 2013, 06.30 PM IST

CNBC-TV18's Anshu Sharma, quoting sources, reports that the Coal India union has suggested the use of the NLC model for divestment in the coal PSU.

Your Stocks at 02:00 pm

Like this story, share it with millions of investors on M3

Coal India union suggests NLC model for divestment

CNBC-TV18's Anshu Sharma, quoting sources, reports that the Coal India union has suggested the use of the NLC model for divestment in the coal PSU.

Like this story, share it with millions of investors on M3

Coal India union suggests NLC model for divestment

CNBC-TV18's Anshu Sharma, quoting sources, reports that the Coal India union has suggested the use of the NLC model for divestment in the coal PSU.

  .   Share  .  Email  .  Print  .  A+A-

The Coal India union has suggested the model used to divest stake in Neyveli Lignite Corporation (NLC) to offer stake in Coal India , reports CNBC-TV18's Anshu Sharma, quoting sources.

Union representatives met coal ministry officials including the coal minister, and have sought a buyback or the model to divest stake in NLC which was done through state run companies. However, sources indicate that it is not possible to follow that model because Coal India has operations that are spread across nine states and there is little expectation of state-run companies contributing for a stake in the coal PSU which is worth Rs 20,000 crore.

The union also assured the government that there will be no strike. The government promised that it will meet with the union again on July 31 and discuss the possibilities regarding the divestment in Coal India.

Coal India produces about 1.5 million tonne of coal per day and a labour strike could cost about the exchequer Rs 150 crore per day.

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18

Anda sedang membaca artikel tentang

Coal India union suggests NLC model for divestment

Dengan url

http://harmonisem.blogspot.com/2013/07/coal-india-union-suggests-nlc-model-for.html?m=0

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Coal India union suggests NLC model for divestment

namun jangan lupa untuk meletakkan link

Coal India union suggests NLC model for divestment

sebagai sumbernya