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Month Year
  • Selling of Stake (14-August 2014)
  • Reforms in Coal Sector (14-August 2014)
  • Action Against Private Coal Companies for not Starting Production after Allocation of Coal Blocks (11-August 2014)
  • Promotion of Clean Coal Technologies (11-August 2014)
  • Steps Taken to Prevent Illegal Mining (07-August 2014)
  • Category of Coal (07-August 2014)
  • Augmentation of Capacity by CIL (07-August 2014)
  • Capative Coal Blocks for Private Sector (07-August 2014)
  • Power Minister Administers Oath to Shri A.S.Bakshi as a New Member of CERC (04-August 2014)
  • Measures taken to improve Safety of Workers in Coal Mines (04-August 2014)
  • Coal Production (04-August 2014)
  • Production of Coal (31-July 2014)
  • Increase in Coal Production (31-July 2014)
  • Loss of CIL from Underground Mines (31-July 2014)
  • Import Policy for Coal (24-July 2014)
  • Projects of CIL (24-July 2014)
  • Increase in Coal Production (21-July 2014)
  • Coal Production Target of CIL (21-July 2014)
  • Use of Foreign Technique in Coal Mining (21-July 2014)
  • Measures Taken to Ensure Supply of Quality Coal to Thermal Power Plants (17-July 2014)
 
Ministry of Coal

Selling of Stake

                  The Government is proposing to disinvest 10% GoI’s equity in Coal India Ltd (CIL) out of its holding of 89.65%.  This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha today.

 

                  The Minister further stated that the Government has constituted the National Investment Fund on 3rd November, 2005, into which the proceeds from disinvestment of CPSEs were to be channelized.  The Government on 17th January, 2013 and 21st February, 2013 has approved restructuring of the NIF and decided that the disinvestment proceeds with effect from the fiscal year 2013-14 will be credited to the existing ‘Public Account’ under the head NIF and they would remain there until withdrawn/invested for the approved purposes.  It was decided that the NIF would be utilized for the following purposes:-

 

(i)           Subscribing to the shares being issued by the CPSEs including Public Sector Banks (PSBs) and Public Sector Insurance Companies, on rights basis so as to ensure 51% ownership of the Government in those CPSEs/PSBs/Insurance Companies, is not diluted.

 

(ii)         Preferential allotment of shares of the CPSE to promoters as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 so that
Government shareholding does not go down below 51% in all cases where the CPSE is going to raise fresh equity to meet its capital expenditure programme.

 

(iii)       Recapitalization of public sector banks and public sector insurance companies.

 

(iv)       Investment by Government in RRBs/IIFCL/NABARD/Exim Bank.

 

(v)         Equity infusion in various Metro projects.

 

(vi)       Investment in Bhartiya Nabhikiya Vidyut Nigam Ltd and Uranium Corporation of India Ltd.

 

(vii)     Investment in India Railways towards capital expenditure.

 

 

 

RM/ND/RS-  USQ5314 – LS

 

 

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