The timing of the Coal India stake sale will be decided by the finance ministry, power and coal minister Piyush Goyal told reporters after a meeting chaired by Prime Minister Narendra Modi.

Goyal also said India would launch an initial public offering of Cochin Shipyard Ltd, which runs a yard that can build and repair big vessels.

(Reporting by C.K. Nayak; Writing by Krishna N. Das; Editing by Douglas Busvine)