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Posted at: Nov 9, 2018, 12:07 AM; last updated: Nov 9, 2018, 12:07 AM (IST)

Cabinet nod to stake sale in Dredging Corporation

New Delhi, November 8

The Union Cabinet today approved the strategic sale of government stake in Dredging Corporation of India to consortium of four ports.

The government currently holds 73.44 per cent in Dredging Corporation of India Ltd (DCIL).

“The Cabinet Committee on Economic Affairs (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. — PTI

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