The government of India has come out and said that they will bring out sale in three companies, namely Nhpc, Ongc and Coal india for approximately 58000 cr Rs disinvestment.
The announcement on what is the discount that will be given and when is the date of the sale still needs to be decided.
Out of these ratnas I would prefer to buy/ apply for two out of these three both for short term and long term.. basically ONGC and Coal India.
The first preference is to Coal India. Coal india to double its size in the next five years.. which means that revenue will double and so will the profits.
Coal india is actually the largest coal mining company in the world.
More to come when these issues come out... till then this is just a heads up
Being early... its simplefinancialsense.
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