Nalco Divestment

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  FY16 Divestment Target to be Around Rs 43,000 Crore: Report

  Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this fiscal year.

• NALCO stake sale: Government raises over Rs 626 crore

  The government has raised $116 million by selling shares in state-run National Aluminium Co Ltd (NALCO) on Friday, taking the government closer to its fundraising target to reduce the budget deficit.

• Government share auction in NALCO fully covered

  An auction of 5 per cent stake in state-run National Aluminium Co was fully covered on Friday, provisional data from the National Stock Exchange showed.

• NALCO share auction may be scaled back: report

  The government is likely to scale back the size of the its planned auction of shares in National Aluminium Co Ltd (NALCO), two sources with direct knowledge of the matter said. The government could also offer a hefty discount to the company's market price, because of the limited current float in the stock and the sluggish demand outlook for the met...

• Ministerial panel to discuss Nalco stake sale tomorrow; SAIL next week

  Keen to achieve the scaled down disinvestment target of Rs 24,000 crore, the government is working to sell part of its stake in National Aluminium Company (Nalco) and Steel Authority of India (SAIL) in the next fortnight.

• Nalco to hit market after budget; to raise Rs 1,400 crore

  Nalco disinvestment, which could fetch Rs 1,400 crore to exchequer, is likely to hit the market during the first week of March, after the budget, to ensure it is not impacted by volatility in stock markets.

• Divestment process to kick start with Hindustan Copper stake sale on November 21

  Beginning the disinvestment process this year, the government is likely to sell stake in Hindustan Copper through auction route on November 21.

• Only govt's equity to be divested in FPO: Nalco

  As on March-end, the government holds an 87.15% stake in the company, while the rest is with the public, including 9.13% with the financial institutions.

• Jr FM: Efforts on to meet divestment aim; BHEL, NALCO FPOs coming

  MUMBAI, AUGUST 30By Deepak Joshi : Government is considering share sales in Bharat Heavy Electricals Ltd and National Aluminium Company to meet its Rs 400-billion disinvestment target for 2011-12 (Apr-Jun), Minister of State for Finance S.S. Palanimanickam told parliament on Tuesday. "All efforts are being made to reach the disinvestment target ...

• Nalco loses sheen as mines minister rules out divestment

  The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.