The Central government has been proposing to divest. 5 per cent of its stake in the Neyveli Lignite Corporation for some time long.But they were not able to do so due to the stiff resistence of the workers and opposition of j Tamilnadu state government.
Now,Tamilnadu state Chief Minister Ms.Jayalalitha has stated she had written three letters to the Prime Minister seeking his intervention to avoid the disinvestment in the Neyveli Lignite Corporation Ltd and has received a reply to the effect that the disinvestment cannot be avoided.It iis in this backdrop and also in the wake of the proposed strike by the workers that the Chief Minister offered Centre to
buy 5% shares of NLCL to avoid any private participation in the CPSU.
Now it is to be seen whether the central government will accept the offer or opt for
privsate participation.