India: Government to Sell Its Entire Stake in DCI

The Government has decided to sell off its entire public stake in Dredging Corporation of India (DCI).

The information was given today by the Minister of State for Road Transport and Highways, Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya.

According to the minister, this decision aims to upgrade technology, improve capability, infuse capital to buy necessary dredgers/equipment and instill experienced professional management to optimize operations of the DCI.

The Department of Investment and Public Asset Management (DIPAM) has obtained approval of the government to disinvest 100% Government of India Equity in DCI in one go through two-stage auction process, with the advice of the Transaction Advisor.

For the last couple of months, DCI employees have been protesting against the government’s proposal towards strategic sale of the company. One of the workers even committed suicide earlier in December, protesting against the move.

 

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Posted on February 5, 2018 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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