The government today approved sale of its 10 per cent stake in Satluj Jal Vidyut Nigam (SJVN), the utility engaged in hydropower generation.
The Cabinet Committee on Economic Affairs (CCEA) approved 10 per cent disinvestment in Satluj Jal Vidyut Nigam, Commerce and Industry Minister Anand Sharma told reporters after the CCEA meeting.
Satluj Jal Vidyut Nigam is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75 per cent stake in the JV, while the rest is owned by the state government.
