Govt to sell 5% stake in power generator Neyveli Lignite

India is considering selling another five percent stake in lignite miner and power generator Neyveli Lignite, Coal Minister Sriprakash Jaiswal told reporters on Monday.

[caption id="attachment_431889" align="alignleft" width="380"] The government has already sold a 6.4 percent stake in the company. AFP[/caption]

"The finance ministry has recently communicated to us we may sell a 5 percent stake," Jaiswal said.

The government has already sold a 6.4 percent stake in the company.

Shares in the company were up 3.42 percent to Rs 83.20.

Reuters