In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
The CIL disinvestment has been hanging fire because of opposition from the trade unions. Mayaram's statement that the coal major will have to pay a higher dividend comes as the government makes efforts to meet its Rs 40,000 crore (Rs 400 billion) disinvestment target.
Goyal's statement comes in the wake of RGPPL board giving its approval last month for the conversion of debt into equity equivalent to interest dues of Rs 405 crore (Rs 4.05 billion).
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
Of the 30-share Sensex pack, 15 today closed in the red
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
The NSE Nifty also moved up by 12 points to 8,648.35.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
Unfazed by the stalemate over the Sadhvi Niranjan Jyoti issue, government has lined up a heavy legislative agenda in Parliament this week including a bill seeking to replace coal blocks allocation ordinance.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Financial shares were the top losers.
The combined market valuation of top nine Sensex firms advanced by a whopping Rs 1.39 lakh crore with energy majors ONGC and RIL emerging as the star performers, while TCS saw a marginal dip last week when stock market recorded life-time highs.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Even as the September quarter performance was subdued, analysts expect the second half to be better on higher prices, output.
It goes without saying that the best performers are in the private sector, says TN Ninan.
While CIL, HDFC Bank, SBI, ICICI Bank and HDFC saw rise in their market cap, TCS, RIL, ONGC, ITC and Infosys witnessed fall in their valuations for the week ended April 25.
Govt has drawn list of PSUs for strategic sale: Jaitley
The government on Friday said the auction of explored coal blocks may take place either by December or the beginning of the next year.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Against FY17 target of Rs 56,500 cr, Centre plans to fetch around Rs 6,400 cr in the first half.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
Sensex rises, Nifty ends at record high; RIL shares rally.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
Interest rate sensitive stocks gain ground post decision
Minister of state for power Piyush Goyal will gift wooden-framed 'appreciation letters' to one million govt employees.
Of these 36 coal blocks, one mine will be given to the steel sector while the rest will be given to the power sector.
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India's hydroelectric power generation grew 17.5 per cent to 7.5 billion units in January this year from 6.4 billion units in the same month of 2012.
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
Some overseas investors refuse to be part of roadshows, citing environment risks
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
The Finance Ministry is considering a proposal to rope in professionals from the private sector for appointment of chairman and CEO-cum-managing director in state-owned financial institutions as it looks for talent from a wider pool of applicants.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
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