Indian Government to Sell DCI Through Auction?

Image source: Dredging Corporation of India

The Indian government is planning an outright sale of the Dredging Corporation of India (DCI) through auction, according to the local media.

Besides DCI, there is also a proposal to sell 100% government holding in four unlisted companies: Kamarajar Port, HLL Lifecare, Indian Medicines and Karnataka Antibiotics.

The core group of secretaries on disinvestment, headed by the cabinet secretary, has already approved the sale of these five companies, and an approval of the Cabinet Committee Economic Affairs (CCEA) would be sought soon, the media reports stated.

The government currently holds 73.47% stake in the Dredging Corporation of India.

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Posted on June 19, 2017 with tags , .

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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