Corporate News 28-Nov-18
In-principle approval of Cabinet for strategic divestment of 100% GoI stake in DCI
Dredging Corporation of India announced that Ministry of Shipping has communicated in-principal Approval of Cabinet for strategic disinvestment of 100% Government of India shares in DCI in favour of a consortium of four ports, namely Vishakhapatnam Port Trust (as the consortium leader), Paradip Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust (now Deendayal Port Trust) Visakhapatnam Port Trust would lead the consortium. Government of India holds 73.47% of the Paid up share capital of the Company of Rs.28 crore.
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