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Cabinet approves shares sale in ONGC, Coal India, NHPC

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Reuters NEW DELHI

NEW DELHI (Reuters) - The Union Cabinet on Wednesday approved share sales in state-run companies ONGC, Coal India and NHPC, a government official told reporters.

The official did not give details. The government has previously said it planned to sell a 10 percent stake in state-run coal miner Coal India, a 5 percent share of oil and gas explorer ONGC and 11.36 percent of power producer NHPC in the current fiscal year ending March 2015.

(Reporting by Nigam Prusty; Writing by Manoj Kumar; Editing by Frank Jack Daniel)

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First Published: Sep 11 2014 | 2:38 AM IST

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