Cabinet approves sale of govt’s stake in REC to PFC

Move will help govt raise ₹14,000 cr, taking it closer to its FY19 disinvestment target

The decision signals the creation of a major lending institution for the Indian power sector

Utpal Bhaskar, Asit Ranjan Mishra & Gireesh Chandra Prasad
POLICY


The government is likely to net around ₹14,000 crore in its disinvestment kitty with the Cabinet Committee on Economic Affairs (CCEA) on Thursday approving the sale of the government’s stake in state-run Rural Electrification Corp. Ltd (REC) to another...

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