Govt defers decision on stake sale in Coal India

Union cabinet on Thursday deferred a decision to sell stake in state-run Coal India and Hindustan Copper Ltd,Union minister for Mines B K Handique told reporters.

India is planning to sell stake in the two firms as part of a plan to offload holdings in 60 state firms in coming years.

The government is targeting to garner 400 billion rupees ($8.5 billion) via stake sales in state firms in the fiscal year that began on April 1.