The government is reportedly looking to sell a 51% stake in Dredging Corporation of India. The strategic stake sale should materialise by middle of the next fiscal year starting April 2017. A cabinet note has been prepared on this proposal and is being circulated among key ministries for comment. The government currently holds 73.47% of the company that provides dredging services to seaports, while state-run financial institutions hold another 13% stake.
Dredging Corporation of India is involved in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, Project Management consultancy and Marine construction.
Company Name | CMP |
---|---|
Shipping Corpn. | 209.50 |
GE Shipping | 1005.25 |
Dredging Corp | 824.00 |
Shreyas Shipping | 285.45 |
Seamec | 1055.00 |
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