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Major Ports may acquire controlling stakes in Dredging Corporation - Mr Mandaviya

Logistic News - Published on Fri, 10 Aug 2018

Image Source: Moneycontrol
In a meeting chaired by the Secretary (Shipping), Mr Gopal Krishna, with Chairmen/Chairmen I/Cs of Major Ports recently, the disinvestment proposal of Dredging Corporation of India Ltd (DCI) was discussed and it was suggested that Visakhapatnam Port Trust (VPT), Paradip Port Trust (PPT) and New Mangalore Port Trust (NMPT), based on the availability of surplus funds with them, may strive to acquire shares of DCI given the linkage of dredging activity with the ports. A committee to understand the modalities in this regard has been constituted.

This information was given to Parliament by the Minister of State for Shipping, Road Transport and Highways, Mr Mansukh L Mandaviya.

Source :

Posted By : Joykumar Irom on Fri, 10 Aug 2018
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