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The Government has plans to raise about Rs. 18.54 billion by selling the stakes of NHPC and Oil India, which are state run firms, for the financial year ending march 2010. This information was given by one of the junior finance ministers in parliament on Friday.
"The public offering of NHPC Ltd and Oil India Ltd are likely to be completed in the current financial year," Namo Narayan Meena , the junior finance minister, answered a question in a written format.
He also added that "The public offering of RITES Ltd has been defered for the present by the company due to change in capital requirement of the company."
