Three ports may acquire stakes of Dredging Corporation of India

The government constitutes a panel to understand modalities of the proposal

GN Bureau | August 9, 2018


#Dredging Corporation of India   #PSU  

Minister of state for shipping, road transport and highways and chemical and Fertilizers Mansukh L Mandaviya recently said the government is considering the proposal of acquiring shares of Dredging Corporation of India by Visakhapatnam Port Trust, Paradip Port Trust and New Mangalore Port Trust based on the availability of surplus fund lying with them.

The government has formed a committee to understand modalities of the proposal.

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