Indian state-run firms drop as govt suspends privatization plans

Housing and Urban Development

28/01/2025 05:33

** Shares of Housing and Urban Development Corp  HUDC.NS ,
mineral exporter MMTC  MMTC.NS  and infra developer NBCC (India)
 NBCC.NS  fall between 2.5% to 4% 
    ** Indian govt to suspend privatization plans, including
potential sale, for the three state-run firms, Reuters reports
    ** Privatization of these cos faced opposition from relevant
ministries, report adds
    ** Including session's losses, HUDC and NBCC have gained 25%
and 12% respectively in last 12 months while MMTC has lost 15%

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))