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This is an archive article published on July 22, 2010

Cabinet OK’s Power Grid share sale

Share sale in the state-run power transmission utility Power Grid Corp has...

The disinvestment agenda of the Congress-led UPA government is alive and ticking. India’s Cabinet approved share sale in the state-run power transmission utility Power Grid Corp on Thursday,a government spokeswoman said.

The Indian government plans to raise roughly $8.5 billion from share sales in state-run firms in the current fiscal year that ends in March 2011.

($147.3 rupees)

 

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