Govt plans to sell 10% stake in Rashtriya Ispat Nigam

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.

New Delhi: The new government plans a public listing of steel company Rashtriya Ispat Nigam Ltd and will sell a 10 percent stake this fiscal year ending March, Finance Minister Arun Jaitley said on Friday.

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.

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