Cabinet clears strategic sale of government equity in DCIL
Cabinet has approved strategic sale of government stake in Dredging Corporation of India Ltd (DCIL) to consortium of four ports namely Vishakhapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust. Government currently holds 73.44% in DCIL. Co-sharing of facilities between the company as well as ports shall lead to savings for ports. This would further provide opportunities for larger investment in DCIL as integration with ports shall help in effective vertical linkage in the value chain.
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