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As of October 2020, what percentage of stakes are owned by the Government of India in SAIL?
Question

As of October 2020, what percentage of stakes are owned by the Government of India in SAIL?

A.

75%

B.

70%

C.

85%

D.

80%

Correct option is A

The correct answer is (a) 75%.
· As of October 2020, the Government of India holds a 75% stake in the Steel Authority of India Limited (SAIL).
· SAIL is one of the largest state-owned steel-making companies in India and operates under the Ministry of Steel.
· The government has retained a majority shareholding in SAIL to ensure control over this critical sector.
Information Booster:
· SAIL: Steel Authority of India Limited, a major steel producer in India.
· Government Ownership: Ensures strategic control over important public sector enterprises.
· Public Sector Enterprises: Companies owned primarily by the government to provide essential services and goods.

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