REC and PFC may buy government’s shares in NHPC

The Ministry of Power has issued a directive to financial institutions under its control (the Rural Electrification Corporation and Power Finance Corporation) to buy a stake in NHPC Limited.  This is to bring the government closer to meeting the 2015-16 disinvestment target of Rs 695 billion. The government holds 85.96 per cent stake in NHPC.

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