Govt approves privatisation of Dredging Corporation

DIPAM has obtained government’s nod to disinvest 100 per cent GoI equity in DCIL in one go

GN Bureau | February 6, 2018


#Dredging   #Dredging Corporation of India   #DCI   #PSU  

Putting all speculations to rest, the government has approved selling off its entire public stake in the Dredging Corporation of India (DCIL).
The move aims to upgrade technology, improve capability, infuse capital to buy necessary dredgers/equipment and instil experienced professional management to optimise operations of the DCIL.

The department of investment and public asset management (DIPAM) has obtained approval of the government to disinvest 100 per cent government of India equity in DCIL in one go through two-stage auction  process, with the advice of the transaction advisor.

Minister of state for road transport and highways, shipping and chemical & fertilizers Mansukh L Mandaviya informed the Rajya Sabha on February 5.
 

Comments

 

Other News

DoT combats cyber-frauds: System soon to stop spoofed calls

In recent times, citizens have been receiving many fraudulent calls, often disguised as originating from Indian mobile numbers. These calls are in fact manipulated by cyber-criminals operating from abroad. These criminals exploit the Calling Line Identity (CLI) to mask the actual origin of the calls, which

Deep history of our languages show who we Indians are

Discovering India Anew: Out of Africa to Its Early History (Second Edition) By Alan Machado (Prabhu) Orient BlackSwan, 356 pages, Rs 750

Polling concludes for J&K assembly

The polling for the Jammu & Kashmir legislative assembly elections concluded on Tuesday in a peaceful and celebratory atmosphere. Scenes of voters patiently waiting in lines at polling stations, set against the scenic backdrop of the region, highlighted the people`s strong faith in democracy. The festi

Advancing green growth via bio-manufacturing and bio-foundry initiative

In the ongoing problem of facing environmental challenges, the call for sustainable practices has become more pressing than ever. Nations have started to strive to reduce their carbon footprint and mitigate the adverse effects of industrialization, innovative solutions are imperative. Unfortunately, due to

ECI reviews poll preparedness in Maharashtra

Ahead of the assembly elections in Maharashtra, chief election commissioner Rajiv Kumar and two election commissioners, Gyanesh Kumar and Sukhbir Singh Sandhu met all the stakeholders including political parties and officials during their two-day visit to the state. The term of the current a

Sanjay Raut gets bail relief after conviction in defamation case

A metropolitan magistrate court in Mumbai Thursday sentenced Sanjay Raut, Shiv Sena (UBT) MP and editor of party mouthpiece, ‘Saamna’, to 15 days imprisonment and imposed a fine of Rs 25,000 in a case filed by Medha Somaiya, wife of BJP leader Kirit Somaiya. Judicial magistrate A

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter