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Ports May Acquire Controlling Stakes In DCI

New Delhi:
Port Wings News Network

In a meeting chaired by Secretary (Shipping) with Chairmen of Major Ports, held on 18th June 2018, 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 fund lying with them may strive to acquire shares of DCI given the linkage of dredging activity with the Ports. A committee to understand the modalities with regard to this has been constituted.

This information is given by the Minister of State for Shipping, Road Transport and Highways and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply in Rajya Sabha on Monday.

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