Cabinet clears strategic sale of govt equity in Dredging Corp

| | New Delhi
  • 0

Cabinet clears strategic sale of govt equity in Dredging Corp

Friday, 09 November 2018 | PTI | New Delhi

The Union Cabinet on Thursday approved strategic sale of Government stake in Dredging Corporation of India to consortium of four ports.

"CCEA has given in principle approval for strategic disinvestment of 100 per cent Government of India's share in DCIL to consortium of 4 ports, namely Vishakhapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust," an official tweet said.

The approval will further facilitate the linkage of dredging activities with the ports, keeping in view the role of the DCIL in expansion of dredging activity in the country as well as potential diversification of ports into third party dredging, the tweet said after the meeting of the Cabinet Committee of Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

Sunday Edition

Links Hanuman to Dalits

14 April 2019 | PTI | Sunday Pioneer

Prashant Kishor rubbishes Rabri's merger bid claim

14 April 2019 | PTI | Sunday Pioneer

513 ceasefire violations by Pak post Balakot strike: Army

14 April 2019 | PTI | Sunday Pioneer

Sadiq Batcha’s wife wants his death re-probed

14 April 2019 | Kumar Chellappan | Sunday Pioneer