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Coal India may bring IPO before Navratna status

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Sudheer Pal Singh New Delhi

Coal Minister Santosh Bagrodia confirmed that the finance ministry had asked for some details about the company. "We have in turn asked Coal India for information," he said.

Coal India had mooted an IPO two years back but decided to focus on a public float only after getting the Navratna status, which would grant the company financial and managerial autonomy, and hence better valuation.

 

However, since the present policy does not envisage disinvestment by the government in a Navratna company

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First Published: Jun 09 2008 | 12:00 AM IST

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