The Russian government is believed to have delayed its plans to invest over Rs 30.51 billion for a 20 per cent stake in SSTL.

The Russian government is believed to have delayed its plans to invest over Rs 30.51 billion for a 20 per cent stake in SSTL. According to an SSTL spokesperson, the decision on investment by the Russian Federation has been moved to the next government (Russian) meeting as it is undergoing the due processes for such investments. In December 2009, the Indian government had cleared a proposal by SSTL to sell up to 20 per cent stake to a Russian state entity, which would bring in FDI worth Rs 30.51 billion.