No word on stake sale from govt yet: Coal India

State-run Coal India has not received any communication from the government regarding stake sale in the company, said S Narsing Rao, chairman and managing director of Coal India in an interview with CNBC-TV18.

The government currently holds 90 percent stake in Coal India (CIL) and is keen to divest around 10 percent stake. At the current price, a sale of 56.84 crore shares, or 10 percent of government holding, could fetch around Rs 17,000 crore to the exchequer.

Read This: Coal India, NTPC end year-old scuffle on coal pricing

Meanwhile, talking about its ongoing tussle with NTPC over coal quality and supply issues, Rao said that the latter has raised issues quality check issues from coal supplied from Rajmahal mine. The heads of the both the state-run companies met Coal Secretary S K Srivastava to find an amicable solution to the crisis, he said.

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